NBE Unveils $700mln Project to Strengthen Financial Sector – Ethiopian Monitor

NBE Unveils $700mln Project to Strengthen Financial Sector – Ethiopian Monitor

The National Bank of Ethiopia (NBE) has announced a $700 million project in a bid to enhance the stability of the country’s financial sector. The Financial Sector Strengthening Project (FSSP) was launched on Friday as part of the Ethiopia Financial Forum. The move comes six months after the World Bank Group approved the $700 million credit for the project. The first tranche of $250 million was disbursed to the Commercial Bank of Ethiopia (CBE) t…

Next Generation Financial Sector Reforms for Growth

A well-functioning and vibrant financial sector serves as a bedrock for economic progress and is a key pillar which would help the country fulfil its economic ambitions