SBB/41/07 Directives to transfer Duties and Responsibilities Related to Establishment and Operation of ECG Scheme from the NBE to DBE

The National Bank of Ethiopia has issued directives to transfer duties and responsibilities related to the establishment and operation of the Export Credit Guarantee Scheme to the Development Bank of Ethiopia, effective February 1, 2007. The scheme aims to support the export sector by providing guarantees to financing banks, enabling them to extend credit to exporters, and thereby enhancing Ethiopia's competitiveness in foreign markets.