WB to Help Ethiopian Transformative Reforms –

Addis Ababa, October 11/2022 (Walta) – World Bank expressed its commitment to use all financing instruments and analytical services to help Ethiopia implement the new phase of transformative reforms.

Ethiopian Minister of Finance Ahmed Shidie discussed with World Bank Vice President for Eastern and Southern Africa, Victoria Kwakwa and the WB Country Director for Ethiopia, Ousmane Dione in New York.

The meeting focused on the country program as well as the government’s priorities and the Bank’s support sought to address current development challenges.

Minister of Finance Ahmed Shide highlighted the country’s development priorities, such as tackling the urgent economic challenges and ensuring macro-fiscal stability to address the tremendous economic hardships that Ethiopians are facing, in particular the poor.

The Vice President Victoria Kwakwa commended Ethiopia’s resilience in dealing with the multiple shocks, while noting the persistent challenges facing the country and the need for bold economic reforms and actions to manage the fiscal risks, foster private sector led development by creating the enabling business environment, and implementing actions to address fragility risks for resilient and sustainable development.

Minister of Finance Ahmed further underscored the importance of balancing the immediate-term emergency assistance with the longer-term development interventions.