News: Ethiopia’s new measure to contain #COVID19 include ETB15 B liquidity for private banks, appeal to citizens to stop religious gatherings

Addis Abeba, March 27/2020 – Following a virtual meeting Prime Minister Abiy Ahmed held with with the COVID-19 Ministerial Committee to discuss progress and provide additional direction and measures in the prevention and containment COVID-19, the following statement is issued.

⏩ As of this afternoon, recent arrival in Addis Abeba who cannot afford to be quarantined in the various Hotels identified, will be transferred to Addis Abeba Science and Technology University for the 15 days mandatory quarantine period upon arrival.

⏩ Two-week extension on school closure as of today, including higher learning institutions.

⏩ Strict adherence to social distancing protocols is expected within market areas and religious establishments. The Federal Government has been granted a constitutional mandate to halt religious gatherings in times of grave national emergencies. But before enacting this constitutional measures, it once again appeals to all citizens that they are practicing social distancing protocols.

⏩ Call upon all retired and in-training medical professional to prepare for national duty if the situation warrants such extra support.

⏩ More than 134 facilities have been identified for quarantine, isolation and treatment but with varying levels of equipment. Therefore, the government calls upon all citizens to strengthen the efforts of the national resource mobilization committee which is in the process of finding materials like beds, mattresses, bed sheets, ventilators and other medical and non-medical supplies.

⏩ ⏩ The macro-economic sub-committee has been undertaking dialogue with key industry stakeholders in various sectors to craft a way forward in safeguarding the economy. As a result, the following measures will also be undertaken to stabilize the economy:

⏺️ Tax exemption for the import of material and equipment to be used in the prevention and containment of COVID-19

⏺️ National Bank of Ethiopia to avail Birr 15 billion liquidity for private banks to enable them to provide debt relief and additional loans to their customers in need.

⏺️ Banks to avail foreign currency for importers primarily importing goods and input material for the prevention of COVID-19.

⏺️ Commercial Bank of Ethiopia to increase the amount of money individuals can transfer through mobile banking, to limit in-person cash handling.

⏺️ Removal of the minimum price set by the National Bank of Ethiopia on the horticulture sector for flower exports.

⏺️ The Ministry of Revenue to expedite VAT returns to support companies with cash flows.

⏺️ The Ministry of Trade and Industry to continue strengthening the measures it is undertaking to control price increments and supply shortages of consumer goods.


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