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Ethiopia: Foreign Bank Entry - Gateway to Global Financing

  • Experts believe that allowing foreign banks to operate in Ethiopia would significantly benefit the local financial sector.
  • Gabriel Nigatu highlighted that foreign banks would provide local banks with access to capital for large-scale infrastructure projects.
  • The Ministry of Finance announced that Kristalina Georgieva, the Managing Director of the IMF, will visit Ethiopia from February 8 to 9, 2025.
  • Georgieva's visit comes as Ethiopia implements major macroeconomic reforms, including a shift to a market-based foreign exchange regime.
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ZeHabesha - Latest Ethiopian News Provider & Updates broke the news in on Thursday, January 30, 2025.
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