Regulatory Alerts2010-11-01
National Bank of Ethiopia Annual Report 2009/10
The National Bank of Ethiopia issued its 2009/10 annual report, which details a 10.4 percent real GDP expansion and outlines required monetary and fiscal measures to sustain growth. The central bank successfully lowered annual inflation to 2.8 percent while the domestic banking sector expanded credit, mobilized deposits, and reduced non-performing loans to historic lows. Future policy directives will prioritize maintaining single-digit inflation, optimizing exchange rates to boost export competitiveness, and accumulating international reserves through targeted foreign direct investment and remittance channels.
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