Ethiopia signs two financing greements worth $96.367 with World Bank

Addis Ababa, March 31, 2025 (FMC) — The Federal Democratic Republic of Ethiopia signed a Financing Agreement amounting to USD 50 Million in the form of a Loan from International Development Association Country Performance Allocations and a Grant Agreement of USD 46.367 million from the Global Partnership for Education Fund; in total USD 96.367 million (approximately ETB 12.5 billion) with the World Bank (also acting as Grant Agent for Global Partnership for Education Fund) to support the government in increasing equitable access and improving learning outcomes in pre-primary and primary education.

The funding will focus on implementing an innovative professional development package for in-service teachers, particularly targeting pre-primary and grades 1-6 teachers of mother-tongue languages and mathematics, the Ethiopian finance ministry announced this evening.

The program will provide strategic pre-service and in-service teacher training support aligned with the new curriculum.

Additionally, it will enhance the capacity of current and prospective school leaders with a focus on female leadership and ensure the equitable provision of both print and digital teaching and learning materials tailored to the new curriculum.

The Agreements underscore Ethiopia’s commitment to improving learning outcomes and increasing access to quality education, particularly in the pre-primary and primary levels, as part of its broader strategy to drive sustainable development in the country, it was indicated.

Mr. Ahmed Shide, Minister of Finance, and Ms. Maryam Salim, Country Director for Ethiopia, Eritrea, Sudan, and South Sudan, signed the two Agreements on behalf of the Ethiopian Government and the World Bank, respectively.