Thu. Jul 18th, 2024

The World Bank reaffirms commitment to support Ethiopia

Deputy Prime Minister and Foreign Minister, H.E. Demeke Mekonnen met and discussed today (07 July) with The World Bank Managing Director of Operations, Axel van Trotsenburg in Dakar, Senegal.

The World Bank Managing Director expressed the organization’s confidence in the peace efforts of the Ethiopian Government further pledging to support the economic and societal reform process that the Government will undertake in the next three years.

He specifically mentioned the WB’s interest to support Ethiopia’s efforts in rebuilding infrastructure and transforming agriculture, as well as regional integration endeavors.

The Deputy Prime Minister and Foreign Minister is in Dakar to attend the World Bank’s International Development Association (IDA20) Heads of State Summit that aimed to call for a robust and resilient economic recovery for Africa.

The World Bank under IDA2020 had pledged to allocate $93.5 Billion for developing countries, where $66 Billion goes to 39 African countries of which $ 5.7 Billion is for Ethiopia.

Deputy Prime Minister and Foreign Minister Demeke Mekonnen appreciated the WB for supporting Ethiopia’s Home-grown economic reforms and its aspiration for the country’s prosperity.

He explained positive developments that the government of Ethiopia has been undertaking to achieve durable peace in the country affirming unwavering commitments toward that end.

The Deputy Prime Minister and Foreign Minister finally invited the WB Managing Director to visit Ethiopia and expressed well wishes to Victoria Kwakwa, the newly appointed World Bank Vice President for Eastern and Southern Africa who was also in attendance.

MFA Ethiopia


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By Chala Dandessa

I am Lecturer, Researcher and Freelancer. I am the founder and Editor at ETHIOPIANS TODAY website. If you have any comment use caalaadd2@gmail.com as email contact. Additionally you can contact us through the contact page of www.ethiopianstoday.com.

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