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| Selected Speeches |
| The Church of Haile Selassie I, Inc. |
| Selected Speeches |
| Haile Selassie the First - November 2, 1964 |
.... Experience has proved that the vast development programme upon
which Ethiopia has embarked cannot be wholly financed out of our own
resources. To meet the gap between the targets established and the means
available locally, we have had recourse to international lending institutions
and to assistance from friendly and wealthier nations. For this aid, some
in the form of grants, some in the form of loans, the Ethiopian
Government and people are grateful, and it would be ungracious were we
to fail to express our appreciation for the assistance we have received.
We have always recognized, however, that private capital investment can
make a significant contribution to the goals set in the Second Five-Year
Plan. In order to stimulate such investment, We promulgated, a short time
ago, a law intended to stimulate increased private capital investiment in
Ethiopia. This law, which Parliament will consider in the weeks ahead,
establishes procedures to evaluate investment proposals, and guarantees to
the deserving investor the benefits and assurances which venture capital
seeks as a condition to investment. In like manner, the banking laws
promulgated several months ago after their approval by the Chamber of
Deputies and the Senate not only modernize Ethiopia's banking system, but
furnish the channel for the investment of additional funds in the growth of
Ethiopia's economy....
which Ethiopia has embarked cannot be wholly financed out of our own
resources. To meet the gap between the targets established and the means
available locally, we have had recourse to international lending institutions
and to assistance from friendly and wealthier nations. For this aid, some
in the form of grants, some in the form of loans, the Ethiopian
Government and people are grateful, and it would be ungracious were we
to fail to express our appreciation for the assistance we have received.
We have always recognized, however, that private capital investment can
make a significant contribution to the goals set in the Second Five-Year
Plan. In order to stimulate such investment, We promulgated, a short time
ago, a law intended to stimulate increased private capital investiment in
Ethiopia. This law, which Parliament will consider in the weeks ahead,
establishes procedures to evaluate investment proposals, and guarantees to
the deserving investor the benefits and assurances which venture capital
seeks as a condition to investment. In like manner, the banking laws
promulgated several months ago after their approval by the Chamber of
Deputies and the Senate not only modernize Ethiopia's banking system, but
furnish the channel for the investment of additional funds in the growth of
Ethiopia's economy....
| Foreign Assistance |
...Only two weeks ago Ethiopia was honoured by the visit of the President
of the Federal Republic of Germany, Dr. Heinrich Lubke. During the talks
which We held with the head of this friendly nation, We were assured of
the desire of the West German Government to continue to participate in
Ethiopia's economic development along the lines laid down in the Second
Five-Year Plan, and We anticipate the early implementation of agreements
reached covering additional grants and credit by the Federal Republic to
Ethiopia. This assistance, together with the generous aid which Ethiopia
continues to receive form other friendly nations and from international
organizations, will do much to assure the implementation of the
programmes of economic development which the Five-Year Plan
envisages....
of the Federal Republic of Germany, Dr. Heinrich Lubke. During the talks
which We held with the head of this friendly nation, We were assured of
the desire of the West German Government to continue to participate in
Ethiopia's economic development along the lines laid down in the Second
Five-Year Plan, and We anticipate the early implementation of agreements
reached covering additional grants and credit by the Federal Republic to
Ethiopia. This assistance, together with the generous aid which Ethiopia
continues to receive form other friendly nations and from international
organizations, will do much to assure the implementation of the
programmes of economic development which the Five-Year Plan
envisages....
| Ba Beta Kristiyan Haile Selassie I |
| Ba Beta Kristiyan Haile Selassie I |
| Chapter IX |
| Assistance And Investment Nov. 02, 1964 |
| Economic Development |