Addis Ababa: Prime Minister Abiy Ahmed has commended the achievements of the macroeconomic reform particularly, in Ethiopia's export trade and foreign direct investment (FDI) inflow during the past three months. Addressing members of the parliament today, Premier Abiy highlighted the progress made following the reform in the recent months. According to Ethiopian News Agency, Ethiopia's foreign exchange reserve grew by 161 percent during the past three months. The reserve of the National Bank of Ethiopia registered this significant growth, while the reserve of private banks also increased by 29 percent. Remittances registered a 24 percent growth, and the transactions carried out in banks have been encouraging, Abiy noted. Taking export alone, the plan for the past three months was to secure 1.1 billion USD; however, the country achieved 1.5 billion USD during the stated period, exceeding the target. Abiy mentioned that the country's highest export earning was 4 billion USD during the reform period, and now t he aim is to secure 5 billion USD from export within a year, as the last three months' achievement clearly shows progress. Coffee and gold have played crucial roles in increasing export revenue during the stated period. The country secured 1.4 billion USD from service exports while 1.5 billion USD was gained from the export of goods, marking the first time that the export of goods surpassed service exports-one of the targets of the reform. Import has also been reduced by 1.3 percent, which should be further encouraged, he emphasized. Regarding FDI inflow, Abiy stated that FDI registered a 6.4 percent growth during the past three months, with Ethiopia receiving 3.4 billion USD in foreign investment, a substantial increase compared to the same period last year. This surge in investment can be attributed to the government's macroeconomic reforms, which have created a favorable environment for businesses, Abiy added. According to him, foreign direct investment has increased due to these reforms, and Ethiopia's abundant natural resources, including land and renewable energy, coupled with its skilled workforce, make it an attractive destination for investors. The focus on economic liberalization has unlocked this potential. Efforts have been made to revitalize Ethiopia's industrial sector, with progress in addressing key challenges, particularly in energy supply. Currently, industrial production capacity has reached 67 percent, and the sector is projected to grow by 12.8 percent in the current fiscal year. The manufacturing and construction sectors are expected to grow by 12 percent and 12.3 percent, respectively. The 'Made In Ethiopia' movement has been instrumental in strengthening the manufacturing sector, with 72 big industries set to commence production during the current fiscal year. These industries are engaged in textile, food and beverage, construction, chemicals, technologies, and military sectors. Abiy mentioned that half of the manufacturing activities in various industry parks in Ethiopia are occupied by domestic investors, which has brought remarkable achievements in strengthening import substitution. Ethiopia is working to achieve 8.4 percent GDP growth in the coming year, with anticipated growth of 6.1 percent in the agriculture sector alone.