RE: AFC officially ratified13 May 2025 10:26
The parliament also ratified Proclamation No. 1379/2017, concerning Ethiopia’s accession to the African Finance Corporation (AFC), a pan-African multilateral development finance institution. By joining the AFC, Ethiopia expects to gain access to significant financial and technical resources to support infrastructure development, natural resource management, industrial growth, and poverty reduction. This proclamation was passed with three votes in favor and three abstentions.