Investment incentives available: Breaks on income and customs taxes; export incentives
Ease of Doing Business rank (2019): 159
Corruption Perceptions Index rank (2019): 96
Political risks: High level of political risk; election postponed until 2021
Security risks: Apart from Covid-19, several areas are very unsafe for travel, especially border areas, due to unexploded land mines and danger of kidnapping
PROS
CONS
Droughts, locusts
High inflation
Sources: AM Best, Government of Canada Global Travel Advisory, International Monetary Fund, Reuters, Risk and Compliance, Portal, Transparency International, US State Department, World Bank
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Ethiopia built an impressive record as a frontier markets overperformer in the past decade. Growth ranged between 8.3% and 11.2% for all but one year between 2011 and 2019, according to the World Bank.