41st Regular Council of Ministers Meeting Resolutions

The council of ministers discussed and passed a decision on various issues at the 41st regular meeting today.

1. The parliament discussed in advance with the Ethiopian government with the International Development Association for the implementation of the modern government service improvement project of 53,300,000.00 S. .. R and the financial sector strengthening project implementation of 525,700,000 s. .. R is on 2 bills that are proposed to approve financial aid and loan agreements. Both loans are interest free, 0.75% service charge and are payable in 38 years including a 6 year term term period. The House should pass the bills to the House of Representatives ensuring that the loans are in line with our country's credit policy. He decided unanimously.

2. Next, the house discussed on the regulation to amend the investment incentive regulation. Investment incentive regulation number 517/2014 is being implemented but companies in different sectors are facing performance problems before and after the regulation. The amendment was made to make the rules clear. After the discussion on the amendment regulations, the Federal Negarit was added resources by the Federal Negarith. It has been decided unanimously to implement the newspaper from the day it was published.

3. The draft regulation that was proposed to dismantle the ownership and administration of governmental development organizations is another agenda that the parliament discussed. In order to enable the privatization of governmental development companies to be transferred to debt and asset management corporation, the regulation is submitted to the parliament because it is necessary to dismantle governmental development organizations' property and administration and transfer its rights and obligations to the corporation. Advice After extensive discussion on the elaborate rules, the house has decided unanimously to add resources and put it into action from the day it was published in Negarit newspaper.

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