Despite the economic impact of the Covid-19 pandemic, Ethiopia aims to achieve lower middle-income Country (LMIC) status by 2025 and become an African beacon of prosperity by 2030. Its new national development plan, the 10-Year Perspective Development Plan , like the second Growth and Transformation Plan (GTP II), envisages expansion of all its economic sectors – agriculture, industry, and services. To achieve this vision, the government has embarked on major structural reforms, such as: human capital investment; modernizing the country; undertaking structural economic reforms; creating technological competence; modernizing the logistics system; massively improving infrastructure; rewarding export revenues; improving productivity, quality and competitiveness; reducing the commercial imbalance; encouraging the development of a dynamic private sector; building strong public private partnerships; and attracting foreign investments. The administration has also embarked on a series of institutional structural reforms aimed at improving efficiency, transparency, democracy, the rule of law, and social cohesion.

Over the last decade, the Government of Ethiopia (GoE) has implemented robust development strategies aimed at accelerating economic growth and reducing poverty. These strategies were initially implemented in 2002 with the Sustainable Development and Poverty Reduction Programme (SDPRP), and later with the Programme for Accelerated and Sustainable Development to End Poverty (PASDEP) that spanned the period between 2005/6 and 2009/10. This was followed by the Growth and Transformation Plan (2010/11-2014/15), which was marked by large investments in mega infrastructure projects (dams, roads, railroads), agricultural growth, and expanded access to education and health services. Followed by the GTP II (2015 – 2020). Recently, the government of Ethiopia presented its vision and action plan for the next decade (2021-2030) to its partners.

Ethiopia’s HGER Agenda is a coordinated response and blueprint to propel the country’s economic progress. The agenda was crafted through a stock taking exercise of the country’s successes and an in-depth review of key bottlenecks. It proposes remedies and outlines macro-economic, structural, and sectoral reforms that will pave the path for jobs and inclusive growth.

The 10-Year Development Plan aims to transform the economy from one based on sustainable agriculture to one in which Ethiopia will become a leader in light manufacturing, while maintaining macroeconomic stability, becoming carbon neutral, and achieving lower middle-income country status by 2030.