Emergency Liquidity Assistance

National Bank of Ethiopia Introduces Emergency Liquidity Assistance

The National Bank of Ethiopia (NBE) has introduced a new directive aimed at providing emergency liquidity assistance (ELA) to banks facing temporary liquidity shortages. This directive, titled Emergency Liquidity Assistance Directive No NBE/ELA/001/2024, is designed to ensure the stability of the Ethiopian banking system by mitigating risks associated with unexpected liquidity challenges. The ELA is