Ethiopia and Sweden have conferred on enhanced development cooperation and economic ties, stressing on adapting to global financial constraints and geopolitical shifts while exploring innovative strategies to maximize development impact.
Ethiopian State Minister of Finance, Semereta Sewasew, met and discussed with State Secretary of the Ministry of Foreign Affairs of Sweden, Diana Janse, and Swedish Ambassador to Ethiopia, Hans Henric Lundquist.
Both sides emphasized the importance of catalytic development financing to strengthen Ethiopia's domestic resource mobilization, economic growth, and trade partnerships.
The discussions highlighted the strategic role of Swedish companies in Ethiopia’s sustainable development, acknowledging their high standards in environmental, labor, and social governance.
The two sides explored opportunities to leverage Sweden’s expertise in key sectors, mainly sustainable investment and value-chain development.
The discussants reaffirmed the mutual commitment of Ethiopia and Sweden to strengthening their long-standing partnership fostering economic ties, private sector engagement, and sustainable growth that delivers lasting benefits for their peoples.
Ethiopia and Sweden have enjoyed over 70 years of bilateral relations and development cooperation.