SIB/61/2025 A DIRECTIVE TO REPEAL INVESTING INDEVELOPMENT BANK BOND DIRECTIVE NO. SIB/54/2021 December 31, 2025

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The National Bank of Ethiopia has issued Directive No. SIB/61/2025 to repeal the Investing in Development Bank Bond Directive No. SIB/54/2021, effective December 31, 2025. The new directive requires insurance companies and Ethiopian Reinsurance S.C. to settle any outstanding investments in Development Bank Bonds by January 31, 2026, with specific terms and conditions applied to existing and new investments.