The Ethiopian Securities Exchange (ESX) has partnered with the International Finance Corporation (IFC) to launch the Ethiopia Money Market Capacity Building Project in a bid to bolster institutional strength within the country’s financial sector and develop a modern, well-functioning money market.
Through a newly signed Advisory Engagement Letter, the initiative seeks to enhance the skills of senior management and operational staff involved in key capital market activities.
It will focus on internationally recognized training and certification programs, including those by the ACI Financial Markets Association (ACI FMA). Key training areas will include interbank money markets, foreign exchange (FX), treasury operations, and back-office finance functions.
According to the statement, the project will also support the establishment of a national dealer’s association, aimed at improving coordination in Ethiopia’s FX and money market.
The move is geared towards developing an inclusive and globally aligned financial ecosystem in Ethiopia.
“Strong, well-functioning markets are foundational to a dynamic financial system,” said Aliou Maiga, Director of IFC’s Financial Institutions Group for Africa.
He emphasized that the collaboration aligns with Ethiopia’s modernization plans and its national financial development goals.
Tihalun E. Kassahun, CEO of the ESX, hailed the initiative as a strategic step toward institutional development and innovation, positioning it as a vital part of Ethiopia’s capital market evolution.
