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Ethiopia – Ethiopia’s economic reforms and development agenda (Chatham House)

Chatham House writes: Ethiopia’s ambition to become a middle-income economy and deliver shared and sustained prosperity is driven by the government’s ‘Ten-Year Perspective Development Plan’ (2021 – 2030), which supplements the existing vision for a ‘Home-grown Economic Reform’ agenda. The country however faces significant challenges in this path, including escalating inflation rates and a long-standing debt and foreign currency crisis, as well as the multiplier effects of conflict in Tigray and insecurity in several regions, the COVID-19 pandemic and desert locus infestations. A gradual process of private-sector led liberalization has begun in some sectors, including in logistics and telecommunications, marking an important shift away from the largely state-led development pursued in recent decades. This redirection sharpens the imperative for policy implementation that ensures inclusive job creation and makes further gains in reducing socio-economic inequalities, particularly in Ethiopia’s rural areas, within which almost 80 per cent of the population reside. At this event, speakers discuss Ethiopia’s economic reform trajectory and long-term developmental vision, reflecting on how this builds on existing achievements and the priorities for promoting more equitable and innovative growth. They also focus on how efforts to build a more conducive and inclusive environment for economic policy delivery can contribute towards a reduction in political turbulence and instability in the long-term.

Participants

HE Dr Fitsum Assefa Adela, Minister, Planning and Development Commission, Federal Democratic Republic of Ethiopia

HE Dr Eyob Tekalgn Tolina, State Minister, Ministry of Finance, Federal Democratic Republic of Ethiopia

Dr Alemayehu Seyoum Taffesse, Senior Research Fellow and Ethiopia Strategy Support Program Leader, International Food Policy Research Institute

Zemedeneh Negatu, Global Chairman, Fairfax Africa  Fund

Chair: Ahmed Soliman, Research Fellow, Africa Programme, Chatham House

go to Chatham House: Ethiopia’s economic reforms and development agenda (chathamhouse.org)