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Supporting the growth of national capital markets in Ethiopia: IFC and ECMA leaders join forces

17/11/2023
Source : ORISHAS FINANCE
Categories: Index/Markets

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A program was launched on Wednesday, November 15, 2023 in Lomé by the leaders of the International Finance Corporation (IFC) and the Ethiopian Financial Markets Authority (ECMA). This program was launched at a press conference.

The IFC and ECMA program aims to support the growth of national capital markets in Ethiopia and increase access to local currency finance in the country. IFC's support will allow the Ethiopian financial market to play a critical role in supporting the country's economic development by improving the framework for issuing government securities on the market, strengthening the capacities of institutional investors, regulators and market players to participate in transactions. IFC will work with ECMA and other stakeholders to develop the necessary regulations, improve the efficiency of the government securities market, develop the pool of institutional and retail investors, and increase the supply of transactions and the volume of

issues.
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