Ethiopia’s Ministry of Finance and the World Bank have launched a Joint Project Portfolio Review to evaluate ongoing projects, identify bottlenecks, and enhance implementation strategies. The review, taking place over two days, involves key officials and aims to optimize project outcomes in alignment with national development goals. This initiative highlights the strong partnership between Ethiopia and the World Bank in fostering sustainable development.
Ethiopia’s Ministry of Finance and the World Bank have initiated a Joint Project Portfolio Review focused on assessing and optimizing current projects funded by the World Bank. This collaborative effort aims to enhance project implementation quality, identify obstacles, and develop strategies that align with Ethiopia’s development objectives, ensuring effective use of resources in achieving sustainable growth.
The review opening was conducted by Finance Minister Ahmed Shide and Maryam Salim, the World Bank Division Director for Eritrea, Ethiopia, South Sudan, and Sudan. Key government officials, including relevant ministers and heads of state-owned agencies responsible for project execution, attended the event, emphasizing the significance of their cooperation in managing development initiatives.
During the two-day review, running from February 24 to 25, 2025, attendees engaged in detailed discussions focused on sharing experiences, addressing the current status of various projects, and identifying best practices for future implementations. This dialogue is crucial for optimizing project outcomes while aligning strategies with Ethiopia’s socio-economic goals.
The Joint Portfolio Review demonstrates Ethiopia’s commitment to improving project implementation through strategic collaboration with the World Bank. By evaluating current projects, identifying challenges, and fostering open dialogue, both entities aim to enhance the efficiency of development initiatives. The outcome of this review is expected to strengthen their partnership and guide future projects that contribute to Ethiopia’s sustainable growth.
Original Source: www.ena.et
