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A delegation led by the Minister of Finance discussed with the Vice President of the World Bank for Eastern and Southern Africa
October 2/2015 (Walta) The Ethiopian delegation led by the Minister of Finance, Ahmed Shede, discussed with the Vice President of the World Bank for Eastern and Southern Africa, Victoria Kwakwa.
The Ethiopian delegation, which is participating in the annual meeting of the World Bank and the International Monetary Fund, together with the Ambassador Plenipotentiary of the Federi Selshi Bekele, met with the Vice President of the World Bank for Eastern and Southern Africa, Victoria Kwakwa, and the Ethiopian Director of the Bank, Osman Dion.
It was stated that the discussions focused on the Bank's Ethiopian national program, priority areas and the Bank's support to address current development challenges.
During the discussions, Finance Minister Ahmed Shide expressed his gratitude for the World Bank's commitment to support Ethiopia's efforts to deal with the many challenges it has faced in the past few years.
The Minister, who detailed the development needs of Ethiopia's priority, explained that it is important to balance current humanitarian support and long-term development support.
On this basis, humanitarian support to help save lives by overcoming food shortages caused by drought and conflict is undoubtedly necessary, he emphasized that long-term development support to help overcome the underlying problems of this challenge is crucial and it is appropriate to ensure the continuity of the development results achieved in the past few years.
The vice president of the bank, on his part, reminded Ethiopia of the many challenges it has faced and appreciated the resilience it has shown to deal with these problems, according to the information we received from the Ethiopian Embassy in Washington DC.
In addition, he stated that it is important to design and implement decisive and bold economic reforms to control physical threats and risks, strengthen private sector-led development by creating favorable conditions for the private sector, and take measures to ensure strong, sustainable development.
The Vice President affirmed the Bank's commitment to support the implementation of the indigenous economic reform that Ethiopia is carrying out by using the available financial tools and analytical capabilities, and to ensure that the results obtained in terms of income growth and poverty reduction do not go back and to support the country's long-term development needs.
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