World Bank promises to support Ethiopia’s war affected Economy

The World Bank Group (WBG) announced that, monitoring the situation throughout the entire country and continues to call for solutions that promote stability and long-lasting peace.

Consistent with our strategy to remain engaged in situations of conflict and fragility and to support greater resilience of Ethiopia’s people, the World Bank Group (WBG) remains committed to continuing its partnership with Ethiopia for the benefit of all Ethiopians.

Accordingly, the WBG is supporting Ethiopia to address its citizens’ demands for basic human services such as education, food security, health, clean water, livelihood support, women’s empowerment, and social and environmental protection across the country.

Over the past decade, WB support has helped Ethiopia make significant progress in key human development indicators: primary school enrollments have quadrupled, child mortality has been cut in half, and the number of people with access to clean water has more than doubled.

The WBG seeks to ensure that activities it supports are responsive to the needs of all people in Ethiopia. In particular, our Environmental and Social Framework (ESF) is applied to all Bank-financed operations. Among key ESF principles are requirements for nondiscrimination, meaningful consultation, effective public participation, property rights, accountability, transparency, and good governance.

The Bank announced that, it’s goal is to foster an environment conducive to accelerated and inclusive development and remain committed to supporting initiatives that promote peace building, reconciliation, and sustainable progress.


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