ADDIS ABABA – The Ministry of Finance (MoF) and the Asian Infrastructure Investment Bank (AIIB) held discussions yesterday on advancing Ethiopia’s new airport hub investment and renewable energy infrastructure projects.
During a press briefing, Finance Minister Ahmed Shide described the talks as fruitful and comprehensive, focusing on deepening cooperation between the two sides.
He noted that AIIB President Jin Liqun recognized Ethiopia’s ongoing development strides, including macroeconomic reforms, its status as one of the fastest-developing countries, the rise in foreign direct investment (FDI), and the increasing involvement of the private sector.
The Minister also mentioned Ethiopia’s focus on modernizing infrastructure and striving for regional economic integration, emphasizing that AIIB is well-positioned to support these efforts. Discussions specifically centered on financing the Ethiopian Airlines ongoing airport hub construction and renewable energy project development.
AIIB President Jin Liqun, making his first visit to Addis Ababa, expressed optimism about the collaboration. He remarked on the city’s ancient civilization, cultural heritage, and the welcoming and harmonious nature of its people, which further encouraged AIIB’s commitment to supporting Ethiopia’s development.
“This has been a productive visit, and our discussions with Minister Ahmed Shide have laid a strong foundation for future cooperation,” said Liqun. He affirmed AIIB’s readiness to work closely with the Ethiopian government and its people in advancing infrastructure development, enhancing connectivity, improving financial systems, and addressing climate change challenges in the years ahead.
Furthermore, Liqun noted the importance of partnerships with global stakeholders such as the World Bank (WB), African Development Bank (AfDB), and other key actors in driving Ethiopia’s development agenda.
MoF and AIIB are optimistic about building a long-term and impactful partnership to promote sustainable growth and regional integration, it was learned.
BY MESERET BEHAILU
THE ETHIOPIAN HERALD FRIDAY 29 NOVEMBER 2024
