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| Selected Speeches |
| The Church of Haile Selassie I, Inc. |
| Chapter IX |
| State Of The Nation's Economy Nov. 02, 1966 |
| Selected Speeches |
| Haile Selassie the First - November 2, 1966 |
... In 1966, the Ethiopian nation is sound. Her people are strong and
united. Her present life is encouraging, and her future is bright and full of
promise.
The country's economy is viable and flourishing. Revenues from both
internal and external sources have increased steadily over the years. The
Government's annual budgets have progressively reflected the additional
funds available for financing the needs of the nation. Foreign trade has
continued to expand. Domestic commercial activity has kept pace with
the accelerating tempo of the life of the nation. Foreign exchange reserves
have been maintained at comfortable levels. The Ethiopian dollar remains a
firm and solidly backed currency.
Domestic and foreign investment has grown, as attractive opportunities
have become more apparent and as the economy's ability to support a
sustained rate of expansion has been proven. Internal and external debt
has been held to reasonable levels, and the greater part of the proceeds of
contracted loans has been channelled into programmes of infrastructure
serving the entire nation: roads, power production and transportation and
telecommunications facilities and services, among others. These
accomplishments are the product of a united nation, the achievement of
the diligence and industry of a people whose unity admits of not tribal
differences....
united. Her present life is encouraging, and her future is bright and full of
promise.
The country's economy is viable and flourishing. Revenues from both
internal and external sources have increased steadily over the years. The
Government's annual budgets have progressively reflected the additional
funds available for financing the needs of the nation. Foreign trade has
continued to expand. Domestic commercial activity has kept pace with
the accelerating tempo of the life of the nation. Foreign exchange reserves
have been maintained at comfortable levels. The Ethiopian dollar remains a
firm and solidly backed currency.
Domestic and foreign investment has grown, as attractive opportunities
have become more apparent and as the economy's ability to support a
sustained rate of expansion has been proven. Internal and external debt
has been held to reasonable levels, and the greater part of the proceeds of
contracted loans has been channelled into programmes of infrastructure
serving the entire nation: roads, power production and transportation and
telecommunications facilities and services, among others. These
accomplishments are the product of a united nation, the achievement of
the diligence and industry of a people whose unity admits of not tribal
differences....
| Economic Development |
| Ba Beta Kristiyan Haile Selassie I |
| Ba Beta Kristiyan Haile Selassie I |