Skip to main content
x

Planning Commission to implement a 10-year economic plan

The Plan and Development Commission has said preparations for the 10-year perspective economic and development plan has been finalized and will enter an implementation stage next month.

Fitsum Assefa (PhD), Commissioner of Plan and Development, on Thursday told reporters that after six months of public consultations and preparations, the 10-year plan is about to be rolled out following the approval by the Council of Ministers (CoM).

The Commissioner’s briefing was focused on activities undertaken by the commission during the first quarter of the current fiscal year. She said that the plan is about to be divided to have a two five year term plans and annual targets.

The perspective plan was revised several times during the course of 20 rounds of consultative workshops, Fitsum said. Some 3,000 questions and comments have been forwarded to the commission and it has identified absolute and comparative economic advantages across the country, and regional states have prioritized their areas of potential development opportunities. They have created regional economic accounts of their own, Fitsum said.

Pointing out the newly designed monitoring and evaluation system, the commissioner said a new software and application has been developed so that based on key indicators, each government agency and reporting entities will be evaluated on the extent of targets achieved. Score sheets have been put in the system.

The new perspective plan, according to Fitsum allows the civil servant to concentrate fully on assigned tasks rather than political agendas. She underscored they will be evaluated on their merits than political inclinations. In addition, Infrastructural and development projects will no longer be implemented without the proper approval of the commission for feasibility, environmental and social study. This regulatory power has been given to the commission.

The new economic plan pursues universal electrification and clean tap water in a ten year period. It intends to become a USD 2,200 per capita income status by maintaining an average annual GDP growth rate of 10.2 percent. Mechanization, irrigation and agricultural financing are some of the major focuses emphasized to help substitute imported food commodities from local productions.