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Home Banking

AfDB pledges support for Ethiopia’s development projects

Staff by Staff
September 16, 2024
in Africa, Banking, FA
Reading Time: 1 min read
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Minister of Finance Ahmed Shide met with Leandre Bassole, the newly appointed African Development Bank (AfDB) Country Manager for Ethiopia and Deputy Director General for East Africa. This meeting marked a pivotal moment in Ethiopia’s ongoing partnership with the AfDB, setting the stage for continued collaboration.

Minister Shide welcomed Mr. Bassole and acknowledged the critical role of the AfDB in Ethiopia’s development, especially in infrastructure. He praised the Bank’s support in recent years, which has been instrumental in driving major projects across the country.

The Minister highlighted the need for ongoing AfDB assistance to help advance Ethiopia’s ambitious reform agenda. He emphasised the importance of sustained investment and collaboration to support the government’s key priorities in economic growth.

Also read: Ethiopia’s macroeconomic reforms helped by international financial partners

Shide also discussed the need for strategic partnerships to enhance Ethiopia’s economic reforms. He outlined areas requiring substantial investment, such as energy, agriculture, and transport, to boost national development.

The Minister underscored that achieving Ethiopia’s objectives would require significant collaboration with development partners like the AfDB. He called for a united approach to tackle the country’s challenges and harness new opportunities for growth.

Mr. Bassole expressed his commitment to strengthening the partnership between Ethiopia and the AfDB. He reaffirmed the Bank’s dedication to supporting Ethiopia’s reform initiatives, ensuring they align with the nation’s long-term development goals.

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Tags: afdbAfDB Groupafricaeconomic reformsEthiopiaEthiopia-AfDB Partnershipinfrastructure developmentsustainable growthафрикаэфиопияأثيوبياأفريقياアフリカエチオピア埃塞俄比亚非洲
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