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Citizenship policy reforms to unlock pathways to investment and economic growth

Citizenship policy reforms to unlock pathways to investment and economic growth

The Ethiopian diaspora is a cornerstone of the nation’s economy, with remittances providing critical foreign currency and household income. In the previous five years, Ethiopia received an average of USD four billion in remittances annually.

Recent exchange rate reforms have enhanced formal remittance systems, fostered greater transparency, and encouraged diaspora members to use official channels. In the concluded FY 2024, the remittances to Ethiopia have reached an unprecedented level, exceeding USD six billion. However, further policy reforms, including the granting of dual citizenship, are crucial to encourage the diaspora to make more substantial economic contributions.

Allowing dual citizenship would enable diaspora members to invest in key sectors, own property, and establish businesses without legal or bureaucratic hurdles. By aligning citizenship policies with economic reforms, Ethiopia can unlock the diaspora’s full potential to drive innovation, entrepreneurship, and sustainable growth.

Globally, the concepts of sovereignty and citizenship are evolving, particularly with the increasing global mobility of goods, services, and capital. These changes accelerated with globalization, a process of growing interdependence among economies, societies, and cultures worldwide.

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