Thursday, June 27, 2013

U.S. Officials Highlight Opportunity for Ethiopia’s Future

(Jun 27, 2013, Washington))--Ethiopia is “an important partner” of the United States in the East Africa region and one of the fastest-growing economies in the world, a senior State Department official told a U.S. House of Representatives Foreign Affairs Subcommittee June 20.

Donald Yamamoto, the acting assistant secretary of state for African affairs and a former U.S. ambassador to Ethiopia, told the lawmakers that the Ethiopian economy has been growing by double-digit percentages over the last five years. However, he cautioned that Ethiopia-U.S. business relationships have been limited because of investment climate challenges.

He also noted that Ethiopians in the United States are returning to their homeland to expand political and economic ties between the two countries and to provide humanitarian support. Ethiopia is a major recipient of U.S. aid, primarily for development in the health, agriculture and education sectors, and Ethiopia is one of the U.S. Peace Corps’ largest host countries. Read more from United States Department of State »

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