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Council approves draft bill to allow using movable assets as collateral to access loans

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Addis Ababa, March 16, 2019 (FBC) – The Council of Ministers in its 65th regular session held today discussed on a bill drafted by the National Bank of Ethiopia (NBE) to allow using movable assets as collateral to access loans from financial institutions.

Taking into account the importance of the bill in addressing access to finance problems faced by investors, the Council accepted the bill and referred it to the House of People’s Representatives (HPR) for approval after making some amendments.

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