Sat. Jun 15th, 2024

World Bank President to visit Ethiopia Next week

Abiy and Banga met during the Summit for a new global financial pact held in Paris, France, last month.

The new World Bank Group’s President Ajay Banga will visit Ethiopia next week as part of his ongoing global tour aimed at revitalizing the lender’s development mission, the World Bank said on Friday.

Banga, a former Mastercard CEO who took over his new job last month, will come to Ethiopia for a two-day visit which will begin on July 31, 2023.

“This is the next step of a global tour that is at the center of a mission to write a new playbook for the 78-year-old institution,” the World Bank said in a statement.

Banga will focus on “identifying opportunities to create jobs for young people and women” during his stay in Ethiopia.

He will “visit textile and shoe manufacturing facilities, malt production operations with ties to local farmers, and meet with women small business owners,” and meet with CEOs and business leaders “as part of a broader effort to increase private sector investment,” the WBG said.

World Bank Vice President for Eastern and Southern Africa, Victoria Kwakwa, and International Finance Corporation Vice President for Industries, Mohamed Gouled will accompany Banga on the trip. 

During his stay in Addis Ababa, Banga will hold talks with Prime Minister Abiy Ahmed in their second meeting since he became the WBG’s president.

The pair first met on the sideline of the ‘Paris Summit for a New Global Financial Pact,’ during which Abiy said he encouraged the World Bank “to enhance its mission to respond to new challenges.”

In Addis Ababa, Bana will also meet with Finance Minister Ahmed Shide and the National Bank of Ethiopia’s Governor Mamo Mihretu, and other senior government officials.

He will make a stop at the African Union headquarters to meet with AU Commission Chairperson Moussa Faki Mahamat to discuss ways to strengthen partnerships and collaborations between the World Bank and the African Union, the bank added.

From Ethiopia, Banga will travel to Nigeria. The African visits follow earlier trips to Peru, Jamaica, and India.

Source: Ethiopian Monitor

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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