Gov’t, partners discuss advancing private sector dev’t in Ethiopia

Addis Ababa, June 5, 2024 (FBC) – The Ministry of Finance held a roundtable discussion on private sector development with the development partners group to deliberate on advancing private sector development as an extension of the Homegrown Economic Reform Agenda (HGER) 2.0.

The roundtable discussion was a testament to Ethiopia’s proactive approach in creating a conducive environment for private investment in encouraging the private sector, alleviating major challenges, and implementing better policies and regulatory changes.

Moreover, the meeting emphasized that Ethiopia is actively reforming its business climate to foster private sector growth as part of the HGER 2.0 in which the Government of Ethiopia is keen on hearing from the private sector about their challenges.

It has been highlighted in the discussion that the Development Partners Group (DPG) has been instrumental in supporting these reforms, while the roundtable served as a platform to identify areas for further collaboration. The meeting underscored the importance of addressing institutional and capacity gaps to ensure the successful implementation of these initiatives.

The key government entities, such as, the Ministry of Trade and Regional Integration (MoTRI), the Ethiopian Investment Commission (EIC), the Ethiopian Capital Market Authority (ECMA), and the Ethiopian Securities Exchange (ESX), provided updates on the roundtable discussion on various initiatives aimed at enhancing the business climate and fostering economic ties, according to the Ministry of Finance.