Addis Ababa: Prime Minister Abiy Ahmed said Ethiopia’s financial sector has been showing encouraging stability with a healthy growth trajectory, urging domestic banks to build their competitiveness.
The premier made the remark responding to queries and comments put to him by members of the House of Peoples Representatives today.
In his response to questions regarding economic conditions of the country, the premier said the measures being taken by the government to curb the macroeconomic challenges of the country have been bearing fruits.
One of the positive achievements is the stability being observed in the finance sector as per international indicators, Abiy said.
According to the premier, Ethiopia’s bad debts account for 4.5 percent against the global rate, which stands at 5 percent.
Source: Ethiopian News Agency