Cablegate: Ethiopia: Financial Sector Reforms

VZCZCXRO6945
RR RUEHROV
DE RUEHDS #1148/01 1061522
ZNR UUUUU ZZH
R 161522Z APR 07
FM AMEMBASSY ADDIS ABABA
TO RUEHC/SECSTATE WASHDC 5638
INFO RUCNIAD/IGAD COLLECTIVE
RUCPDOC/DEPT OF COMMERCE WASHDC
RUEATRS/DEPT OF TREASURY WASHINGTON DC
RUEHLMC/MILLENNIUM CHALLENGE CORP WASHINGTON DC 0013

UNCLAS SECTION 01 OF 02 ADDIS ABABA 001148

SIPDIS

SIPDIS

STATE PASS TO USTR

E.O. 12958: N/A
TAGS: ECON ETRD EINV ET
SUBJECT: ETHIOPIA: FINANCIAL SECTOR REFORMS

REF: A. ADDIS ABABA 962
B. ADDIS ABABA 91 (NOTAL)

ADDIS ABAB 00001148 001.2 OF 002

1. Summary. Since embarking on a financial sector reform
program in 1994, the quality and quantity of financial
services in Ethiopia has improved significantly. A number of
private banks, insurance companies, and microfinance
institutions were licensed and are currently operational.
Loans extended by btIz\jQPLQQv!B}eWrQ7

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