Summary
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The National Bank of Ethiopia's Financial Stability Report assesses the country's economic and financial conditions, highlighting a stable and resilient financial sector despite global and domestic challenges, with a projected economic growth of 6.1% in 2023 and 6.2% in 2024. The report identifies potential risks, including droughts, conflicts, and global economic slowdown, but notes that the banking sector remains sound and stable, with strong capital and liquidity buffers, and that policymakers and regulators are taking measures to mitigate potential vulnerabilities.
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