Economy
Policymakers Urged to Establish Predictable Laws to Stabilize Trade and Investment
The Reporter (Amharic) · 3 hours ago · Read the Full Story on The Reporter (Amharic)
AI SUMMARY
The Forum for Social Studies held a discussion urging policymakers to formulate predictable legal frameworks to create a stable environment for trade and investment.
- The Forum for Social Studies (FSS) held a discussion on trade, investment competitiveness, and Ethiopia's economic reforms on Tuesday, October 13, 2024.
- Economist Birhanu Denu stated that reliable and predictable policies are critical for investors to build trust and commit capital.
- The delayed entry of foreign banks despite open doors may be linked to the frequent unpredictability of laws.
- An IMF report from July 2026 highlighted that the business community faces opaque tax laws, complex revenue administration, and unpredictable regulations.
- A World Bank document from July 2018 noted that fragmented, contradictory legal frameworks and burdensome procedures complicate business processes in Ethiopia.
- Tegegn Gebre-Egziabher, Director of FSS, noted that investors seek consistent legal frameworks lasting a decade or more before entering the market.
- Birhanu Denu described unpredictability as a long-standing structural bottleneck that is difficult to resolve overnight.
- Birhanu emphasized the need for capable, tech-savvy human resources to implement policies on the ground and mitigate investment bottlenecks.
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