6 days ago
Ethiopia: His Excellency Ato Ahmed Shide, Minister of Finance meets the World Bank Executive Director
H.E. Ahmed Shide meets with the World Bank Executive Director for Africa Group 1 Constituency, Dr. Zarau Kibwe arrives for a three-day official visit in Ethiopia. Dr. Kibwe represents Ethiopia and a group of 21 other African countries in the World Bank Board.
His Excellency briefed the Executive Director on the successful implementation of the macroeconomic reform, strong portfolio performance, and discussed ways to deepen cooperation between Ethiopia and the World Bank.
During the meeting, H.E. Minister Ahmed Shide commended the World Bank's critical role in supporting Ethiopia's development priorities, with a portfolio exceeding $16 billion across key sectors, including the recent USD 1 billion support for Development Policy Operations II. The Minister mentioned the importance of continued support from IDA21 allocations to sustain the macroeconomic reform and to finance key priority areas, including infrastructure, agricultural productivity, and climate resilience initiatives to further advance the country's development agenda.
The Executive Director congratulated the Government of Ethiopia on concluding the MoU under the G20 Common Framework, praised the macroeconomic reform implementation, and reaffirmed his commitment to supporting the country's development priorities.
During his visit, Dr. Kibwe will also meet with different government officials and stakeholders to discuss collaborative efforts between Ethiopia and the World Bank. Distributed by APO Group on behalf of Ministry of Finance, Ethiopia.
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an 'as is' and 'as available' basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
