The high-level Ethiopian delegation led by, H.E Ahmed Shide had fruitful discussions with high-level officials of the World Bank

The high level Ethiopian delegation led by the Finance Minister, HE Ahmed Shide and comprised of the Governor of the National Bank of Ethiopia Mamo Mihretu, Senior Macro Economic Advisor to the Prime Minister Teklewold Atnafu, State Minister of Finance Dr Eyob Tekaligne other delegates, had fruitful discussions with high level officials of the World Bank during the 2024 Annual Meetings.

The Delegation met with the World Bank’s VP for Eastern and Southern Africa, Victoria Kwakwa and the World Bank’s VP for IDA Akihiko Nishio.

The two sides exchanged on Ethiopia’s ongoing macroeconomic reforms as well as the status of ongoing projects in Ethiopia and priority areas for future cooperation.

The Minister of Finance HE Ahmed Shide provided an update on the pro-poor reform progress and indicated the need for a sustained support from the World Bank to ensure the cost of the reforms are adequately managed.

Both VPs commended Ethiopia for the high level political leadership and successful launch of the package of policy actions to stabilize the economy, tame inflation and boost economic productivity through the broad-based reform program under Ethiopia’s second phase Home-Grown Economic Reform Agenda.

The VPs reaffirmed the WB’s commitment to support Ethiopia’s efforts to establish a foundation for an inclusive economic transformation aimed at benefiting all citizens of Ethiopia.