Ethiopia has earned more than $1.64 billion in remittance in the first five months of the current Ethiopian budget year which began on July 8, 2021.
The amount represented the remittance secured through legal channels, Ethiopian Diaspora Agency said on Friday in a statement.
The east African nation envisages collecting at least $4 billion through remittance in the current fiscal year.
According to the agency, 400 Ethiopians Diaspora have expressed plans to invest in their country with a total capital of over $500 million.
Apart from the remittance received, Ethiopians living outside Ethiopia have made a significant amount of support to their country, the statement noted.
The Ethiopian Diaspora community has made $3.5 million contributions to help those people affected by on going conflict in central part of the country.
Its members also extended a $29.1 million support to ‘Dine for Ethiopia’, an initiative launched by Prime Minister Abiy Ahmed in August last year to mobilize funds for the Koysha, Wonchi and Gorgora grand projects in the tourism industry.
MG/as/APA