ECMA / ኢካገባ

ECMA and Citi Bank Hold Discussion on Capital Market Development

The Ethiopian Capital Market Authority (ECMA) held a constructive discussion with Citi Bank on the development of Ethiopia’s capital market. During the discussion, the Bank shared its experience on the key factors that have supported successful capital market development in other countries.

Citi Bank’s insights touched on the foundational elements typically necessary for building a resilient and sustainable capital market, drawing on lessons from its engagement in various markets around the world.

The engagement forms part of ECMA’s ongoing efforts to connect with global financial institutions and draw on international experience to inform the development of Ethiopia’s capital market.

Capital markets development is a key component of the Government of Ethiopia’s
(GoE) Home-Grown Economic Reform Program and the 10-Year Development Plan
(2021- 2031). In line with this commitment, the Capital Markets Proclamation (No.
1248/2021) was adopted by the House of Peoples’ Representatives in June 2021, which
included the establishment of the Ethiopian Capital Market Authority (ECMA).

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