State Minister of Finance, Eyob Tekalign, held discussions with Mr. Sarvesh Suri, the IFC’s (International Finance Corporation) Regional Industry Director for Africa, focusing on Ethiopia’s ongoing collaboration with the IFC and its pivotal role in driving the country's development. The IFC’s involvement spans key sectors such as telecommunications, brewing, healthcare, and trade finance, while also offering critical technical support in areas like financial sector development, Public-Private Partnerships (PPPs), and investment climate reform.
During the meeting, State Minister Eyob expressed appreciation for the IFC's $340 million investment portfolio and its comprehensive technical assistance, which has helped bolster multiple sectors within Ethiopia. He highlighted the recent macroeconomic reforms underway in the country, with a particular focus on renewable energy projects. In addition, Eyob outlined potential future collaborations in key growth areas such as manufacturing, Small and Medium Enterprises (SMEs), and housing development.
A notable highlight was the State Minister’s acknowledgment of the recent successful agreement between the Ethiopian government and UAE-based AMEA Power for the 300MW Aysha-1 wind power project, an initiative that will further enhance the country’s renewable energy capabilities. Mr. Sarvesh Suri reaffirmed the IFC’s unwavering commitment to Ethiopia’s development, emphasizing the importance of fostering private-sector-led growth and continuing to attract foreign direct investment to the nation.
This meeting underscores Ethiopia’s strategic engagement with international partners like the IFC, vital for advancing key economic reforms and accelerating sustainable development across diverse sectors.