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.