Ethiopia, European Investment Bank agree to deepen development partnership

Addis Ababa,April 29, 2025 (FMC) — Ethiopia’s Finance Minister Mr. Ahmed Shide met with the Vice President of the European Investment Bank (EIB) Mr. Ambroise Fayolle and held a productive meeting on development and investment cooperation.

The Minister expressed gratitude to the European Investment Bank (EIB) for its continued and steadfast support to Ethiopia, particularly in the areas of SME finance, Water, Sanitation, and Hygiene, and Women Entrepreneurship Development, which have made a tangible contribution in advancing Ethiopia’s economic growth and social development.

EIB’s Vice President on his side, reaffirmed the Bank’s full commitment to scale up engagement in Ethiopia in priority areas that will accelerate the country’s economic development and growth. This commitment includes exploring financing options for the new international airport project.

The two sides agreed to discuss areas and opportunities for further cooperation during an official visit by EIB authorities to Ethiopia.