By: Our Staff Writer
Addis Ababa( Ethiopia Today) May 9, 2023: The National Bank of Ethiopia (NBE) is working to create macroeconomic stability in the country, which is crucial to transforming the manufacturing industry, Governor Mamo Mihretu said.
In a panel discussion held at the Millennium Hall today with the theme “Access to Finance for the Manufacturing Sector,” Mamo said the National Bank is one of the institutions that has the duty to create a stable macroeconomic environment the state media reports.
“Our support and job for the manufacturing sector is mainly to create macroeconomic stability, which helps the sector be successful,” the governor stressed.
Stressing the difficulty of the manufacturing industry flourishing in a volatile macroeconomic environment, he said NBE, in collaboration with other stakeholders, is working to create macroeconomic stability in the country, which would be key for anyone involved in the sector.
For the governor, the dedication of NBE to a stable macroeconomic atmosphere is more significant than anything for the manufacturing industry to hit its long-term targets at the national level.
Creating price stability, foreign exchange availability, and/or stability, and maintaining a healthy financial sector are crucial to benefiting and enhancing the manufacturing sector.
