WHEREAS, it has become necessary to introduce reforms to sustain the country’s economic growth and transformation and to create an enabling policy environment for private sector investment;

WHEREAS, it has become necessary to improve the provision of finance for development to contribute to implementation of the country’s economic growth strategy;

WHEREAS, it has become necessary to broaden the role and participation of the private sector in the economy;

WHEREAS, it has become necessary to improve the efficiency of public enterprises, enhance their competitiveness, improve their access to capital and improve the quality and accessibility of their services;

WHEREAS, to achieve this objective it is found necessary to implement of a privatization program in an open and transparent manner;

NOW, THEREFORE, in accordance with Article 55(1) of the Constitution of the Federal Democratic Republic of Ethiopia, it is hereby proclaimed as follows