Generating Investment in the pharmaceutical manufacturing Sector in Ethiopia (IFC-609054)

Countries
  • Ethiopia
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 2, 2024
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Ethiopia - Ministry of Health
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Education and Health
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 0.86 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 0.86 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS May 18, 2025

Disclosed by Bank Jan 24, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, with the broader aim of supporting the implementation of National Strategy and Action Plan for Pharmaceutical Manufacturing (2015-2025) the project intends to support MoH on leveraging procurement to create market certainty and attract foreign direct investment (FDI); assist the Ethiopian Customs Commission (ECC) and the Ethiopian Food and Drug Authority (EFDA) in enhancing the import clearance of key inputs and the export of final pharmaceutical products; and aid the Ethiopian Investment Commission (EIC) in targeted investment promotion, facilitation, and aftercare services for the sector.

The project aims to support the Government of Ethiopia (GoE) in enhancing private sector investment by implementing crucial trade and regulatory reforms in the pharmaceutical manufacturing sector. This includes enhancing procurement guarantees, improving import and export processes, and implementing targeted investor promotion.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Estimated Total Budget: $864,000.00 (Project budget includes all project-funded activities)


Contact Information
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No contacts available at the time of disclosure.

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How it works