AfDB Vice President Commends Ethiopia’s Successful Macroeconomic Reform Efforts

Addis Ababa January 15/2025 (ENA) ­--Vice President of the Private Sector, Infrastructure, and Industrialization Complex of the African Development Bank (AfDB), Solomon Quaynor, commended Ethiopia’s successful macroeconomic reform efforts.

Ethiopia’s Finance Minister, Ahmed Shide met with Solomon Quaynor, and his delegation to discuss ways of enhancing AfDB’s development cooperation in Ethiopia.

On the occasion, the Minister acknowledged the AfDB’s critical role in supporting Ethiopia’s economic and social development aspirations with the current portfolio exceeding 1.2 billion USD investments in various sectors.

Ahmed also highlighted Ethiopia’s ambitious reforms under the Homegrown Economic Reform Agenda with an emphasis on laying the foundation for a more sustainable and inclusive economy.

 

He also added the focus on accelerating growth and development through investments in key sectors such as infrastructure, energy, digital connectivity, and sustainability.

The AfDB Vice President on his part commended Ethiopia’s successful macroeconomic reform efforts and expressed AfDB’s commitment to scale up its support on private sector engagement in view of the current favorable investment climate fostered by the ambitious reform efforts and policies.

The two sides agreed to expand and collaborate on transformational private sector projects in strategic areas, according to the ministry of finance.