Ethiopia’s Homegrown Economic Reform Agenda is a well-coordinated response and blueprint to propel the country’s economic progress. This agenda, crafted through a process of taking stock of our successes; an in-depth review of key bottlenecks and design of adequate remedies, outlines macro-economic, structural, and sectoral reforms that will pave the path for jobs and inclusive growth.

Doing Business Initiative

Improving Ethiopia’s investment climate is a key part of Ethiopia’s New Horizon of Hope Action plan for Jobs. Ethiopia has the demographic dividend, demand, and a committed government. Ethiopia has also invested significantly in physical infrastructure in the past two decades.

A smart approach to regulation that balances efficiency and promotion of legitimate policy objectives will expand the horizon of possibilities for businesses. The Initiative will address prioritized policy, regulatory and administrative reforms that lower unjustified costs, increased investment, business formation and greater productivity.

The homegrown economic reform will propel Ethiopia to become the African icon of prosperity by 2030, Prime Minister Abiy Ahmed said. Opening a forum held to brief international development partners and the diplomatic community on the Homegrown Economic Reform agenda of the country, the premier stated that

“the homegrown economic reform agenda is close to my heart and I believe it’s our bridge to prosperity, enabling us to become a middle-income nation that ensures sustainable development. Acknowledging that the next capture of Ethiopia’s growth and development requires more active private sector, Abiy said “we have opened up key economic activities to private investment.”

According to him, his government prioritized the success of key sectors such as agriculture, manufacturing, mining and ICT anchor in the vision for building a prosperous nation. “Our priority is to create economic environment that closes income inequality gap by creating opportunity and access of sources for all our youth.”

The premier called on development partners to continue strengthening their support. International development partners who participated in the discussion praised the country’s efforts to reduce poverty and to continue economic growth. They stated that they would provide financial and technical support for the implementation of the economic reform, according to ENA.