Ethiopia and IFC Partner to Launch Country’s First Mortgage Refinance Company Capitalized at 100 Billion ETB
Today, I oversaw the signing of a landmark Framework for Cooperation between the National Bank of Ethiopia and the IFC to establish our country’s first dedicated Mortgage Refinance Company.
Capitalized at 100 Billion ETB, with the IFC set to contribute a minimum of $200 million, this wholesale institution will resolve long-standing liquidity mismatches in our banking sector and unlock accessible mortgage financing across Ethiopia.
This partnership is a critical step toward realizing our goal of delivering 1.5 million affordable, dignified homes for Ethiopian families while expanding private-sector participation in our financial system. Ethiopia continues to build a modern, resilient, and inclusive economy.
