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Privatization and Foreign Investments Are Changing the Project Environment, and Expectations
Ethiopia's staggering economic transformation is ready to refuel. The world's second-poorest country in 2000 is on pace to have the world's fastest-growing economy this year, according to the International Monetary Fund (IMF). The milestone caps a decade in which massive state-led infrastructure projects to expand roads and rail networks spurred an annual GDP growth rate of nearly 10 percent. Last year, Ethiopia was home to four of East Africa's eight most valuable projects, including the US$4.1 billion Grand Ethiopian Renaissance Dam.