Addis Ababa: The Ministry of Finance, in collaboration with the World Bank, has commenced a Joint Project Portfolio Review to review and enhance the implementation of ongoing projects and programs supported by the World Bank.
According to Ethiopian News Agency, this review meeting aims to evaluate the implementation quality and progress of ongoing projects across all sectors, identify any bottlenecks, and craft action plans for improved project efficiency and outcomes that align with Ethiopia’s development goals.
Minister of Finance, Ahmed Shide, jointly opened the event with the World Bank Division Director for Eritrea, Ethiopia, South Sudan, and Sudan, Maryam Salim. The meeting was attended by relevant ministers and heads of state-owned agencies responsible for implementing the various projects under review.
The opening ceremony underscored the strong partnership between the Government of Ethiopia and the World Bank, highlighting the Bank’s comprehensive and substantial financial support and technical as
sistance across all development sectors in Ethiopia. This support significantly contributes to the country’s priorities for sustainable development and inclusive growth.
The Joint Portfolio Review, which will span over a two-day period, from February 24 to February 25, 2025, provides a forum for deliberation and candid exchanges between the World Bank and government officials. It is also an opportunity to share experiences and insights on the current status of project implementation, achievements, and issues to enhance the execution and effectiveness of these initiatives and programs.
This review signifies a collaborative effort to ensure that every project funded by the World Bank contributes effectively to Ethiopia’s socio-economic growth. The discussions and outcomes from this review are expected to further strengthen the strategic partnership and pave the way for future collaborations.
The World Bank currently supports over 45 development projects across all regions in Ethiopia, with a total budget of
15.57 billion USD. These projects span various sectors, including water, transportation, urban development, agriculture, energy, health, education, social protection, environment, skills development, private sector development, digital, and financial sectors.