U.S. Assistant Secretary of State for African Affairs Tibor Nagy met with Minister of Finance Ahmed Shide to discuss U.S. support for Ethiopia’s long-term economic growth.
He expressed the United States’ commitment to partner with Ethiopia to promote a business and investment climate that encourages innovation and job creation and increased trade, and where “we can leverage the strength of the U.S. private sector investment in support of Ethiopia’s goals.”
He underscored that U.S. companies are eager to participate in Ethiopia’s economic growth, bringing employment, technology transfer, and a successful business culture.
He added that Ethiopia can help bring them here by sending strong signals that Ethiopia is open for business by addressing access to foreign currency, improving customs and logistics, offering transparent procurement and tender processes, and enabling a legal environment that addresses commercial disputes in a fair way.
In a related development, Nagy toured facilities at Ethiopian Airlines to better understand the achievements of one of the world’s most successful airlines.
The visit included a ride on a Boeing 777 flight simulator, a walk through the world class catering facility, and a view of the next generation GE engine repair shop.
The Assistant Secretary highlighted long-standing cooperation between Ethiopian Airlines, the U.S, government, and U.S. companies as an example of the successes that can be achieved through both government and private sector partnerships between our countries.