The Finance Minister met with IFC of the World Bank Group
April 26, 2025- Ethiopia’s Finance Minister His Excellency Mr. Ahmed Shide meets with the International Finance Corporation (IFC) of the World Bank Group during the 2025 WB-IMF Spring Meetings.
The high-level Ethiopian delegation, led by Minister Ahmed Shide, had fruitful exchanges with IFC’s Managing Director Mr. Makhtar Diop and discussed Ethiopia’s ongoing reforms and measures taken to boost private sector investments.
H.E Ato Ahmed briefed the counterparts on the implementation of the homegrown macroeconomic reform to modernize the economy toward a market-based economy and the excellent progress thus far, including positive business sentiment from private investors and rise in export levels.
The Minister expressed the government’s commitment to further deepen efforts to boost private sector investment, including in the transport, agriculture business financing, and energy sectors.
The MD commended Ethiopia’s efforts to create an enabling environment for investment while underscoring the importance of sustained efforts required to further improve the investment climate and unlock the full potential of private sector-led development.
The Minister requested the IFC to scale up efforts to support impactful investments in Ethiopia taking into consideration the current favorable macroeconomic environment established for the private sector.
The MD expressed IFC’s full commitment to continue leveraging the Corporation’s technical support and mobilize additional resources to support investment endeavors in Ethiopia by utilizing all of IFC’s instruments and schemes available for the private sector. Mr. Makhtar further underscored IFC’s readiness to explore co-financing opportunities on the planned new international airport project with bilateral and multilateral development partners that have expressed interest in the project.
The two sides agreed to work closely both at the high and technical levels to strengthen the collaboration, jointly work on investment projects, and advance on critical investment opportunities.
