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Ethiopia and IFC Partner to Establish a Mortgage Refinance Company with ETB 100 Billion Capital

Sep 03, 20264 days ago

Contract Type

partnership

VietnamFinancial ServicesFinanceLending

Description

Ethiopia has signed a Framework for Cooperation with the International Finance Corporation to launch the country's first Mortgage Refinance Company with a capital of ETB 100 billion. This partnership will enhance long-term liquidity for banks and support affordable housing initiatives across Ethiopia.

Company Information

Company

International Finance Corporation (IFC)

Location

Vietnam

About

The IFC is the largest international multilateral institution focused on private sector empowerment in emerging markets, with a significant role in bolstering macroeconomic stability and fostering inclusive and sustainable economic development.

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