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The Council of Ministers passed a decision on a draft policy to open the banking sector to foreign investors

 

Addis Ababa, in its 13th regular meeting held today, the Council of Ministers discussed and passed a decision on a draft policy to open up the banking sector to foreign investors.

 

Opening up the banking sector to foreign investors, to support the services of the sector with knowledge and technology, to move our country's economy to a higher level, to increase the competitiveness, effectiveness and efficiency of the financial sector, a draft policy has been prepared and presented to the Council of Ministers today.

 

He also noted that it is a draft policy to facilitate the supply of foreign currency, increase job opportunities, ensure economic efficiency and global competitiveness, and ensure continuous economic growth.

 

According to the information we received from the Prime Minister's Office, the council decided to implement the policy by adding resources after extensive discussion on the policy.

 

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