Ethiopian delegation confers with WB, IMF, IFC officials

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BY ASHENAFI ANIMUT

ADDIS ABABA – The Ethiopian delegation has been exchanging views on economic-reform and fiscal agenda with World  Bank (WB), International Monetary Fund (IMF) and International Finance Cooperation (IFC)’s officials. It was learnt that the delegation is drawn from the Ministry of Finance, National Bank of Ethiopia (NBE) and others.

In his tweet, Ethiopia’s Ambassador Extraordinary and Plenipotentiary to the U.S., Seleshi Bekele (PhD, Eng.) stated that during the first day of WB and IMF spring meeting, Minister of Finance Ahmed Shide, Governor of NBE Mamo Mihretu and other delegation members held several important meetings with the aforementioned international institutions.

He said: “On the sidelines of the meetings that include briefings and issues related to recent and current situations, economy, financing and partnerships that are crucial to Ethiopia’s development are thoroughly tabled.”

The WB also confirmed that central bankers, finance ministers, executives, including officials, former directors and directors and civil-society leaders have been participating at the IMF and WB Spring Meetings this week in Washington D.C.

It is indicated that the central bank governors and finance ministers are also expected to visit the Atlantic Council on the sidelines of the meetings and getting together with World Bank’s experts. So far, the IMF and Ethiopia have made progress in talks on the funds to support the latter’s economic reform program.

It is also stated that officials from the IMF have been in Ethiopia since late March for technical work to prepare for a potential IMF-supported program.

In the late March, the IMF welcomed the progress Ethiopia has made in restoring lasting peace and stability following an agreement in November to cease hostilities, and the restoration of humanitarian assistance and basic services to the northern part of Ethiopia, it was learnt.

 THE ETHIOPIAN HERALD WEDNESDAY 12 APRIL 2023

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