EUBFE Held Meeting with Ministry of Finance

EUBFE delegation held meeting with the Minister of Finance- HE Ahmed Shide. Led by the head of cooperation at the EU Delegation Mr. Erik Habers, EUBFE representatives, composed of board chair, executive director and presidents of bilateral member associations presented a summary of the major achievements of EUBFE in its advocacy engagement with a number of ministires. Moreover, the EUBFE delegation outlined keen interest to establish a sustained and structured platform with the Ministry Finance, where the concerns and challenges of member companies can be addressed. Stressing EUBFE's mission of improving the doing business climate in the country, it is currenlty engaged in producing empirical studies that aid policy interventions to this end.

HE Mr. Ahmed Shide on his part appreciated the initiative of EUBFE and outlined key econnomic reforms that led to the opening of the country's economy to FDI. He pledged to assist in resolving any bottlenecks member companies face. The meeting concluded by establishing a team from both sides that would overlook the formalisation of relationship between MoF and EUBFE that would get regular consultation gain traction.

Ethiopian Finance Minister, Ahmed Shide held talks today with EUBFE delegation led by the Cooperation Head for EU Delegation to Ethiopia, Erik Habers, on ways of strengthening financial and economic cooperation between the two sides.

During the meeting, the two sides are ready to work for a favorable investment climate in Ethiopia through the joint forum.

EUBFE representatives have also pledged to help Ethiopia to become an ideal investment destination and regular talks will be held with the Ministry of Finance to achieve this goal.

Finance Minister Ahmed Shide said on his part Ethiopia attaches great importance to its cooperation with the European Union and other European countries.

He further stated that Ethiopia is committed to working closely with the EUBFE and having a consultative meeting at least twice a year for the benefit of both parties.

Speaking on the ongoing economic reform that Ethiopia has embarked on, Ahmed noted that the reforms are being intensified and the government is committed to increasing the participation of the private sector in the reform process.

He stated the recent involvement of private sectors as well as foreign companies with strong experience and potential in the telecom sector of the country as a showcase of the government’s commitment in this regard.

The Minister told the delegates that essential efforts will be made by the Ministry of Finance to ease all forms of bottlenecks that faced EUBFE member companies in their day-to-day activities in Ethiopia.

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