A high-level Ethiopian delegation led by the Finance Minister Ahmed Shide and National Bank Governor Mamo Mihretu had fruitful discussions with the World Bank Group (WB) and the International Monetary Fund (IMF) officials during the Annual Meetings held in Marrakech, Morocco, from October 9-13, 2023.
According to a press release of Ministry of Finance, the delegation met with WB President Ajay Banga, IMF Managing Director Kristalina Georgieva, WB Managing Director for Operations Anna Bjerde, WB Eastern and Southern Africa Vice President Victoria Kwakwa, and African Department Director Abebe Aemro Selassie.
During the occasions, the minister highlighted the country’s development priorities, including economic recovery, macro-fiscal stability, private sector development, human development, and reconstruction, among others.
The release disclosed that both institutions commended Ethiopia for the critical steps taken to stabilize the economy and tame inflation as well as the broad-based reform program planned under Ethiopia’s second phase of the Home-Grown Economic Reform.
The meetings also discussed and agreed on a way forward on how the IMF and the WB can jointly support the country’s ambitious economic program that is set to unlock Ethiopia’s full economic potential, it was learned.
Meanwhile, the Ethiopian delegation held bilateral discussions with the British State Minister Andrew Mitchell, and US Treasury Undersecretary as well as US and France Executive Directors on Ethiopia’s current political and economic affairs and the ambitious plan for the next phase of transformative reforms needed to address present challenges on the sidelines of the annual meetings.
Source: Ethiopian News Agency