Addis Ababa, February 25, 2025 (FMC) – The Ministry of Finance, in collaboration with the World Bank, has commenced a Joint Project Portfolio Review to review and enhance the implementation of ongoing projects and programs supported by the World Bank.
This review meeting aims to evaluate the implementation quality and progress of ongoing projects across all sectors, identify any bottlenecks, and craft action plans for improved project efficiency and outcomes that align with Ethiopia’s development goals.
Minister of Finance, Ahmed Shide jointly opened the event with the World Bank Division Director for Eritrea, Ethiopia, South Sudan and Sudan, Maryam Salim, which was attended by relevant ministers and heads of State-owned agencies, charged with the implementation of the various projects under review.
The opening ceremony underscored the strong partnership between the Government of Ethiopia and the World Bank, highlighting the Bank’s comprehensive and substantial financial support and technical assistance across all development sectors and geography in Ethiopia, significantly contributing to the country’s priorities sustainable development and inclusive growth.
The Joint Portfolio Review, which will span over a two-day period, from February 24 to February 25, 2025, provides the forum for the deliberation and candid exchanges between the World Bank and government officials. It is also imperative to share experiences and insights on current status of project implementation, achievements, and issues for enhanced execution and effectiveness of these initiatives and programs.
This Review signifies a collaborative effort to ensure that every project funded by the World Bank contributes effectively to Ethiopia’s socio-economic growth. The discussions and outcomes from this review are expected to further strengthen the strategic partnership and pave the way for future collaborations.
The World Bank currently supports over 45 development projects across all regions in Ethiopia, with a total budget of 15.57 billion USD that spans over all sectors, including water, transportation, urban development, agriculture, energy, health, education, social protection, environment, skills development, private sector development, digital as well as financial sectors.