Ethiopia, Italy, and the World Bank have wrapped up trilateral talks, reaching an agreement on a coordinated budget support framework aimed at strengthening Ethiopia’s ongoing macroeconomic reform agenda.
The Ethiopian team, headed by Finance Minister Ahmed Shide, held roundtable discussions with senior representatives from the Italian government and the World Bank. The talks centered on boosting future aid, making sure resources are used efficiently, and tying financing more closely to Ethiopia’s priority development goals.
All three sides agreed that well-coordinated support from development partners is essential for sustaining macroeconomic progress and tightening fiscal discipline. They reviewed ways to deliver integrated budget assistance that would help Ethiopia cope with a challenging global economic climate while reinforcing internal reform efforts.
Italy’s delegation reaffirmed its dedication to Ethiopia’s development, particularly through stronger bilateral cooperation and alignment with multilateral funding frameworks.
The World Bank, in turn, voiced its readiness to work closely with all partners to provide steady, effective financial backing for Ethiopia’s reform program.
The parties reached a common understanding that strong partnerships are crucial for tackling global economic pressures, external shocks, and financial limitations.
The meeting highlighted the need for continued engagement, policy alignment, and shared responsibility to achieve meaningful development results. To deepen existing cooperation and speed up efforts to finalize the coordinated budget support framework.