Finance Minister discusses with the Executive Director of AfDB

Addis Ababa, February 27, 2024 (FBC) – The Finance Minister, Mr. Ahmed Shide, held a consultative meeting with Mr. Jonathan Nzayikorera, Executive Director of the African Development Bank at the Ministry of Finance.

The Executive Director highlighted the support the Bank is providing to Ethiopia for different projects across different sectors such as Infrastructure, Agriculture, Water, and Agro-Industrial value chains. Moreover, he outlined the Bank’s plans to support both the public and private sectors.

Ahmed Shide acclaimed the Bank’s contributions to the socio-economic development of the country, recognizing the extensive portfolio operations currently underway as well as technical assistance provided to support Ethiopia’s reforms and capacity-building efforts.

Furthermore, he commended the Bank for its role in coordinating regional projects and supporting the Horn of Africa Initiative (HoAI).

The minister went on to appeal for stronger collaboration and continuous support of the Bank in mobilizing additional resources and accessing different windows, and for the swift approval of upcoming projects.

Both sides agreed to remain in constant contact to ensure stronger collaboration and timely dialogue on all issues to foster sustainable development in Ethiopia and the region at large.