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Expanding Remittance Flows in Ethiopia:  Challenges and Prospects By Wolday Amha (Ph.D) Director of the Association of Ethiopian Microfinance Institutions (AEMFI)   Presented at the Tunis Remittance Workshop   October 22-23, 2009  Tunis
Introduction ,[object Object],[object Object],[object Object],[object Object],[object Object]
Cont..  ,[object Object],[object Object],[object Object],[object Object]
Objectives of the presentation ,[object Object],[object Object],[object Object],[object Object]
Positive impact of remittances in Ethiopia ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Negative impact of remittances ,[object Object],[object Object]
Determinants of remittances ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Motivation to remit ,[object Object],[object Object],[object Object]
Remittance channels ,[object Object]
Cont… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Flow of remittances in Ethiopia ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Cont… ,[object Object],[object Object],[object Object],[object Object]
Remittance flow through banks in Ethiopia Nigeria, Kenya, Sudan, Senegal and Uganda are among the top five countries in Sub-Saharan Africa with remittance flow of 3.3 billion USD, 1.3 billion USD, 1.2 billion USD, 874 million USD and 856 million USD (WB 2008) Source: National Bank of Ethiopia Year 1997/98 1998/99 1999/00 2000/01 2001/2 2002/3 2003/4 2004/5 2005/6 2006/7 2007/08 2008/09 Amount 104.3 71.3 105.9 104.1 93.4 140.6 211.1 350.8 354.9 632.6 800.3 723.2
Table: Incoming Remittance Transfers in Million USD ,[object Object]
  Initiatives of the government to increase the flow of remittances ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The initiatives of MFIs to expand remittance services ,[object Object]
Local money transfer ACSI Client in Addis Ababa branch
DECSI ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The remittance project with IFAD/Novib/Microfinance International Corporation (MFIC) ,[object Object],[object Object],[object Object],[object Object]
Objectives: 1.  To enhance the delivery of remittances and improve and lower the cost of remittance services from Ethiopian senders and receivers
Activities ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Objectives: 2.  Increase access to financial services for Ethiopian remittance senders and receivers
Activities: ,[object Object],[object Object],[object Object],[object Object],[object Object]
Output: ,[object Object],[object Object],[object Object],[object Object],[object Object]
Current status of the project and implemented activities: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Challenges in expanding remittance services in Ethiopia ,[object Object],[object Object],[object Object]
Interventions to stimulate the flow remittances in Ethiopia ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Cont… ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Cont.. ,[object Object],[object Object],[object Object],[object Object],[object Object]
Cont.. ,[object Object],[object Object],[object Object]

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fca-bsps-decision-letter-redacted (1).pdf
 

Expanding Remittance Flows in Ethiopia: Challenges and Prospects

  • 1. Expanding Remittance Flows in Ethiopia: Challenges and Prospects By Wolday Amha (Ph.D) Director of the Association of Ethiopian Microfinance Institutions (AEMFI)   Presented at the Tunis Remittance Workshop   October 22-23, 2009 Tunis
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  • 13. Remittance flow through banks in Ethiopia Nigeria, Kenya, Sudan, Senegal and Uganda are among the top five countries in Sub-Saharan Africa with remittance flow of 3.3 billion USD, 1.3 billion USD, 1.2 billion USD, 874 million USD and 856 million USD (WB 2008) Source: National Bank of Ethiopia Year 1997/98 1998/99 1999/00 2000/01 2001/2 2002/3 2003/4 2004/5 2005/6 2006/7 2007/08 2008/09 Amount 104.3 71.3 105.9 104.1 93.4 140.6 211.1 350.8 354.9 632.6 800.3 723.2
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  • 17. Local money transfer ACSI Client in Addis Ababa branch
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  • 20. Objectives: 1. To enhance the delivery of remittances and improve and lower the cost of remittance services from Ethiopian senders and receivers
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  • 22. Objectives: 2. Increase access to financial services for Ethiopian remittance senders and receivers
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