Ethiopia Growth and Competitiveness (WB-P168566)

Countries
  • Ethiopia
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Oct 30, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Federal Democratic Republic of Ethiopia - Ministry of Finance and Economic Cooperation
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 1,200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 1,200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Feb 27, 2019

Disclosed by Bank Sep 10, 2018


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Project Description

The development objective of the Growth and Competitiveness Programmatic Development Policy Financing (DPF) Project for Ethiopia is structured around three strategic pillars: (i) maximizing finance for development; (ii) boosting competitiveness through a better environment for the private sector; and (iii) enhancing public transparency and accountability to promote good governance. It supports the implementation of the government’s second growth and transformation plan (GTP II) 2016-2020 and advances Ethiopia’s strategic vision for becoming a lower-middle-income country by 2025. The DPF supports the acceleration of the government’s reform program under GTP II by taking actions to open the private sector for competition and foreign participation, reform state-owned enterprise (SOE) sector, and put the economy on a fiscally sustainable path. The presented operation is aligned with both the World Bank Group (WBG) country partnership framework (CPF) 2018-2022 for Ethiopia and the WBG’s twin goals of boosting shared prosperity and ending extreme poverty.

Investment Description
  • World Bank (WB)
Contact Information

Federal Democratic Republic of Ethiopia - Ministry of Finance and Economic Cooperation
H.E. Dr. Abraham Tekeste
Minister
atekeste@mofed.gov.et

H.E. Dr. Yinager Dessie
Governor, National Bank of Ethiopia
yinagerdessie@yahoo.com

H.E. Ato Fisseha Aberra
Director, IFCooperation Directorate
faberrak@gmail.com

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.