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A MEMORANDUM OF UNDERSTANDING FOR TECHNICAL COOPERATION WAS SIGNED ON APRIL 18, 2013 BETWEEN DEVELOPMENT BANK OF TURKEY, TIKA AND DEVELOPMENT BANK OF ETHIOPIA
 
Home Page \ A MEMORANDUM OF UNDERSTANDING FOR TECHNICAL COOPERATION WAS SIGNED ON APRIL 18, 2013 BETWEEN DEVELOPMENT BANK OF TURKEY, TIKA AND DEVELOPMENT BANK OF ETHIOPIA

 A MEMORANDUM OF UNDERSTANDING FOR TECHNICAL COOPERATION WAS SIGNED ON APRIL 18, 2013 BETWEEN DEVELOPMENT BANK OF TURKEY, TIKA AND DEVELOPMENT BANK OF ETHIOPIA

The memorandum of understanding for technical cooperation between Turkish Cooperation and Coordination Agency (TIKA), Development Bank of Ethiopia (DBE) and Development Bank of Turkey (KALKINMA) was signed at the TIKA Building in Ankara. The MoU was signed by Dr. Serdar ÇAM, President of TIKA, Esayas Bahre GEB-REHIWOT, President of Development Bank of Ethiopia and Metin PEHLİVAN, Acting General Manager of Development Bank of Turkey. Also Mr. Goitom KAHSAYHAGOS, Undersecretary of Ethiopian Embassy and the delegations of both countries were taken part at the ceremony.


At the signing ceremony, both parties emphasized the importance of long-term cooperation with regard to Turkish potential of investors in Ethiopia within the context of Technical Cooperation Projects carried out in the African continent. At the ceremony, Serdar ÇAM, President of TIKA, stressed the importance of the Technical Cooperation Protocol between Ethiopia and Turkey, as well as the activities carried out by TIKA in the region. He wished historical and cultural ties increasingly continued between the two countries. PEHLİVAN, Acting General Manager of Development Bank of Turkey, emphasized the importance of technical cooperation projects being carried out by TİKA in Africa, and of sharing Turkish banking experience and expertise information with other countries. As for GEBREHIWOT, President of Development Bank of Ethiopia, he stated that the projects being carried out by TİKA in the region would increase relations between the two countries, and that Development Bank of Ethiopia, having an important place in the Ethiopian economy, wanted to take advantage of the rich experience of Development Bank of Turkey.


The signing ceremony ended after mutual presentation of gifts and taking a group photo, along with goodwill wishes. It is hoped that the memorandum of understanding signed as a framework agreement will lead to the signing of sub-agreements in parallel with on-going relations.


Within the context of the visit co-hosted by TİKA and KALKINMA from 15 to 19 April 2013, the delegation of Ethiopia made a courtesy visit to Metin PEHLİVAN, Acting General Manager of Development Bank of Turkey, and to Süreyya POLAT, Vice-President of TİKA. Then the delegation was informed in technical issues by a team of managers and specialists of KALKİNMA.

According to the memorandum of understanding signed, experts from Development Bank of Turkey and Development Bank of Ethiopia will exchange mutual study visits. The first meeting of the joint co-operation project supposed to be completed towards the end of this year will take place at Development Bank of Ethiopia from 18 to 25 May.