Addis Ababa: The National Bank of Ethiopia and the European Investment Bank (EIB) have inked an agreement set to enhance Ethiopia’s efforts in building a sustainable financial system and advancing its green economy agenda. Deputy Governor of the National Bank of Ethiopia, Solomon Desta, and EIB Representative for Ethiopia and the African Union, Leila Traore, signed the agreement in Addis Ababa.
According to Ethiopian News Agency, the deal underscores growing international support for Ethiopia’s development goals, with the EIB poised to play a pivotal role in strengthening the country’s financial infrastructure and climate resilience. EU Ambassador to Ethiopia, Sofie From-Emmesberger, welcomed the agreement as a significant step forward, emphasizing the EU’s broader commitment to supporting Ethiopia’s development. She stated that the EU and its development partners will continue to stand by Ethiopia as it works to achieve its long-term development goals. From-Emmesberger also emphasized that the EIB’s involvement aligns with the EU’s support for Ethiopia’s green growth ambitions.
Deputy Governor Solomon Desta described the agreement as a crucial tool in deepening cooperation between the two institutions and fostering financial stability. He also noted its potential to significantly support the country’s transition to a green economy and bolster climate adaptation efforts. Leila Traore added that the agreement will be implemented under the leadership of the National Bank of Ethiopia, providing essential support to the financial sector and the broader green growth framework.