Regulatory Alerts2012-11-01
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National Bank of Ethiopia Annual Report 2011-2012
The National Bank of Ethiopia issued its 2011-2012 annual report detailing robust economic growth, with real GDP expanding by 8.8 percent driven primarily by industrial and service sector expansions. The document outlines significant progress in infrastructure and social development, including a 16.8 percent increase in road network length, improved potable water access for over half the population, and a 25.3 percent allocation of the national budget to education. It further highlights the rapid scaling of micro and small-scale enterprises, which created over 806,000 jobs and absorbed more than Birr 1.08 billion in credit, underscoring the government's focus on employment generation and sustainable economic transformation.
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