What is Ethiopia’s Public Policy and Regulations on project Financing?

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06-01-2024
Business

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What is Ethiopia’s Public Policy and Regulations on project Financing?

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zaarazaynab123 zaarazaynab123 · Answer 1 · 2024-01-06T11:16:11+01:00

Answer:Ethiopia's public policy and regulations on project financing are primarily governed by the National Bank of Ethiopia (NBE), which is the central bank of the country. The NBE regulates and supervises financial institutions and sets guidelines for project financing.

In terms of project financing, Ethiopia has established regulations and guidelines for both domestic and foreign investors. These regulations aim to promote investment in key sectors such as infrastructure, energy, and agriculture, and to ensure that projects are financed in a sustainable and responsible manner.

Foreign investors are required to comply with the Foreign Investment Proclamation and the Investment Regulation, which outline the requirements for obtaining investment permits, repatriating profits, and accessing foreign currency for project financing. Additionally, foreign investors are required to register with the Ethiopian Investment Commission and obtain business licenses for their projects.

Domestic investors are also subject to regulations set by the NBE, including requirements for obtaining loans from financial institutions and complying with prudential norms for project financing.

Overall, Ethiopia's public policy and regulations on project financing aim to create a conducive environment for investment, ensure financial stability, and promote sustainable economic development.

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