Ethiopia implements financial inclusion strategy to transform cash economy to digital transaction

Addis Ababa, July 18, 2017 (FBC) - Minister of National Planning Commission, Dr. Yinager Dessie, said Ethiopia has implemented a financial inclusion strategy to transform the cash economy to digital transaction.

He made the remark at an event held under the theme “Eradicating Poverty, Promoting Prosperity and Empowering Women through Financial Inclusion” on the sideline of the High Level Political Forum in New York.

During the event, Dr. Yinager presented Ethiopia’s experience with regards to the financial inclusion of the larger section of the population, especially women.

“The government has implemented a financial inclusion strategy. The strategy aims to transform the cash economy to digital transaction,” he said.

He added that a women development package is another area of intervention the government is implementing in order to support women to be beneficial from the economic development the country is registering.

Meanwhile, the Ethiopian Minister took part on a sideline event held on the new European Consensus on Development, where he commended EU's partnership and commitment for the 2030 Development Agenda.

He also called for enhanced partnership on the areas of climate change, job creation, industrialization and resource mobilization.

Posted by Amare Asrat