Participants of the meeting on the contribution of livestock in the Ethiopian economy

Participants of the meeting on the contribution of livestock in the Ethiopian economy

A multi-sectoral body, which convened on November 4, 2010 in Addis Ababa, Ethiopia, discussed the implications of an IGAD LPI report that indicates livestock’s contribution to the Ethiopian economy has been dramatically underestimated by currently used methodologies. They concluded by establishing a task force under the chairmanship of the Ministry of Finance and Economic Development (MoFED) which will recommend improvements to the existing system.

Opening the meeting, Mr Leulseged Dechasa, Director of National Accounts at MoFED, stressed the fact that although livestock provide livelihoods and vital services to over 80 percent of the Ethiopian rural population, the national accounts has not fully reflected this. He welcomed the report and subsequent options it offers for refining MoFED’s approach. 
Dr Dil Peeling, Chief Technical Advisor to the IGAD Livestock Policy Initiative (LPI), on his part, underlined the importance of sound National Income Accounting in making informed decisions on resource allocation and in targeting poverty.

The formation of the Taskforce, he remarked, would be one big step to explore the current accounting practice of MoFED, the new findings of the IGAD LPI study.

The taskforce comprises senior researchers and officials from MoFED, the Ministry of Agriculture, the Central Statistics Authority, the International Livestock Research Institute (ILRI), the Pastoralist Forum of Ethiopia and the Ethiopian Institute of Agricultural Research. 

The study will shortly be available from the IGAD LPI website.