Ethiopia’s Finance Minister confers with World Bank President

    Finance Minister of Ethiopia, Ahmed Shide, later today received the World Bank Group President, Ajay Banga who pays an official visit to Ethiopia, his first stop in Africa since he officially took office on June 2, 2023.

    Their discussion focused on various issues of mutual interest, including Ethiopia’s development priorities and the various areas to enhance the partnership between the World Bank and Ethiopia.

    Ahmed briefed Banga on the contributions of the World Bank-supported projects in tackling Ethiopia’s major development issues and stressed the significance of effective development cooperation for sustained and inclusive growth.

    He also briefed him on the opportunities and challenges of implementing the Second Home-Grown Economic Reform (HGER 2.0) agenda to accelerate economic transformation through improved productivity and competitiveness.

    The minister requested support from the Bank for the ambitious reform agenda in light of the macroeconomic challenges and development needs of the country.

    Banga commended Ethiopia’s reform efforts and reiterated the World Bank’s support for accelerated economic and social recovery efforts to achieve inclusive growth.

    Both sides agreed to strengthen their partnership and work closely for the development of Ethiopia.

    Source: ENA