Whereas, there is a need to secure stable and long-term funding so as to sustainably finance development-oriented projects.

Whereas, it is found important to secure funding from the domestic market other than government-intervened financing modality. Whereas, it is decided to raise funds from commercial banks through the sale of federal government-guaranteed Development Bank of Ethiopia Bonds.

Now, therefore, in accordance with sub-articles 5.4, 5.8, and 27.2 of the National Bank of Ethiopia Establishment Proclamation No. 591/2008, the National Bank of Ethiopia has issued this Directive.