Ethiopia Registers Progress in Foreign Remittance InflowAugust 26, 2017 - A study funded by the European Union and supported by Caribbean and Pacific Group of States revealed that Ethiopia has made fast progress in remittance flow in recent years. He said subsequent directives such as zero charge tariff on transfer services issued by the National Bank of Ethiopia (NEB) to improve remittance flow has supported Ethiopia to increase remittance flow. Among the recommendations include improving irregular migrants' access to formal remittance by addressing the issue of identification. Foreign Affairs State Minster, Hirut Zemene said a foreign exchange earnings from remittance is closing on the income from tourism sector. The flow of remittance to Ethiopia was 1.9 billion USD in 2010, USD 2.4 billion in 2012/13, USD 2.9 billion in 2013/14 and USD 3 billion in 2014/15Source: Ethiopian News AgencyBack Print

Source: Ethiopian News August 26, 2017 11:48 UTC