WHEREAS, as long as public enterprises have to continue under state ownership, it is necessary to provide them with such guidance and support so as to enable them to be competitive and profitable and thereby play an appropriate role in the implementation of the country’s industrial development strategy and the enhancement of economic growth;
WHEREAS, to fulfill this objective, the Public Enterprises Supervising Authority needs to be strengthened and organized as an autonomous government office, and the existing Industrial Development Fund has to be established by law;
NOW, THEREFORE, in accordance with Article 55(1) of the Constitution of the Federal Democratic Republic of Ethiopia, it is hereby proclaimed as follows:
