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K S Alemayehu G. Mariam Oct 14, Alemayehu G. Mariam speculates on the possible benefits and drawbacks of remittances to Ethiopia from the Diaspora.
It is gratifying to know that Ethiopian-Americans are carrying their fair share of the load in helping the economy of their homeland.
The official figure most likely underestimates the actual figure since the National Bank does not have the data collection mechanisms to accurately gauge the remittance flow in the informal channels or in the underground economy.
For instance, a World Bank study suggested that if remittances sent through informal channels are included, total remittances in recipient countries could be as much as 50 per cent higher than the official record.
What surprised most Ethiopian-Americans aware of the staggering contribution was the fact that remittances substantially exceed the total amount of U. Evidently, such massive infusion of money could have significant and decisive implications for Ethiopian society, but there are few systematic studies on the impact of remittances on the Ethiopian economy.
Did our remittances help reduce the poverty rate in Ethiopia or place an added burden on the poor by grossly distorting the local economy? Is there evidence to show that the billion-plus dollars we sent contributed to economic development in Ethiopia? Would a significant decline in remittances by Ethiopians in the U.
Do our remittances provide economic buoyancy to help keep afloat the doomed ship of a ruthless dictatorship?is and in to a was not you i of it the be he his but for are this that by on at they with which she or from had we will have an what been one if would who has her.
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Ethiopia is one of the populous countries in Africa next to Nigeria. This is the direct consequence of high fertility rate that is prevailing in the rutadeltambor.com: Mezgebu Nimeta. • Some of the research works in Ethiopia has considered variation in interest rate to affect the performance of banks.
However in the Ethiopian context the minimum deposit rate on saving and fixed. Migrant Remittances and Expenditure Patterns of Rural Households in flow of remittance to Ethiopia is only one-sixth of its potential and predicted it to generate a level that is higher than the current level of ODA to Ethiopia if the potential level is to be materialized.
5 Graph Trends of Remittance Flows to Ethiopia Source: World. It is gratifying to know that Ethiopian-Americans are carrying their fair share of the load in helping the economy of their homeland.
It was an eye-opening revelation to learn that Ethiopian-Americans contributed a cool US$ billion to the Ethiopian economy this past year. What determinants affect remittance trends and patterns in Ethiopia. Print Reference this.
What are the determinants that affect remittance trends and patterns of the Ethiopian immigrants in Sweden? Since the aim of the study is to find out the factors that determine the patterns and trends of remittance flow; the two approaches can.