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The International Finance Corporation is expected to make 85 million US dollars available in financing to private businesses in Ethiopia according to Adamou Labara, IFC Resident Representative in Ethiopia.

The IFC Ethiopia office has already provided 85 million US dollars to businesses over the past two and a half years.

The 85 million in the IFC portfolio is minimal in comparison to the size and potential of the Ethiopian economy said Labara.

The International Finance Corporation (IFC), member of the World Bank Group is to cooperate with the Ethiopian Ministry of Trade (MoT) and Ethiopian Revenue and Customs Authority (ERCA) to help improve the country’s investment and trade environment.

The Ministry of Trade will launch an electronic business licensing and trade registration system shortly, while Ethiopian Revenue and Customs Authority will consider to revise its laws.

The International Finance Corporation (IFC) signed an agreement with the National Bank of Ethiopia (NBE) that focuses on expanding trade and financing local currency. This agreement is part of multi-year partnership entered by IFC and NBE with the intent of developing Ethiopia's promising credit reporting system.

IFC (International Finance Corporation) is investing up to €50 million in Habesha Breweries S.C. The investment aims to help the company expand operations in Ethiopia, and increase local barley sourcing from smallholder farmers.

Intergovernmental Authority on Development (IGAD) announced it has launched a €4 million cross-border project along the Ethiopia-Kenya border at Moyale that aims to improve the wellbeing of communities living along the border, including the launch of a pilot cash program.