Radar | Mar 14,2026
Last week, Finance Minister Ahmed Shide conversed closely with Ousmane Dione, the World Bank's country director for Eritrea, Ethiopia, South Sudan, and Sudan at the Hyatt Regency Hotel, on Africa Avenue (Bole Road). The occasion marked the launch of the World Bank's Country Climate & Development Report (CCDR) for Ethiopia, which pronounced the country's need for 27.6 billion dollars in financing over the next quarter-century to combat the effects of climate change.
The report paints a grim picture of Ethiopia's escalating climate risks, forewarning that these could exacerbate existing issues. Amid these concerns, World Bank economists reiterated the call for Ethiopia to embrace greater economic liberalisation and a market-led policy approach as antidotes. The Finane Minister of a country with disproportionate efforts in responding to climate change effects, Ahmed stressed his country's need for "adequate financing" to support its green economy. The discussions come at a time when Ethiopia is also engaging with senior representatives from the International Monetary Fund (IMF), negotiating to finalise a set of economic reforms. These reforms are crucial for accessing a much-anticipated 3.5 billion dollar package. Speculation around foreign exchange liberalisation has been rampant, with no clear direction from the central bank, despite forecasts from credit rating agencies, such as Fitch, anticipating a gradual depreciation of the Birr.
These signal a busy period ahead for Minister Ahmed and his team as they deal with international finance, climate change, and economic policy reforms.
PUBLISHED ON
Mar 02,2024 [ VOL
24 , NO
1244]
Radar | Mar 14,2026
Viewpoints | Dec 20,2025
In-Picture | Jul 06,2025
Exclusive Interviews | Jan 07,2023
Fortune News | Jul 07,2024
Editorial | Sep 01,2024
Commentaries | Nov 29,2025
Sponsored Contents | Jul 24,2022
Fortune News | Feb 11,2023
Verbatim | Aug 13,2022
Dec 22 , 2024 . By TIZITA SHEWAFERAW
Charged with transforming colossal state-owned enterprises into modern and competitiv...
Aug 18 , 2024 . By AKSAH ITALO
Although predictable Yonas Zerihun's job in the ride-hailing service is not immune to...
Jul 28 , 2024 . By TIZITA SHEWAFERAW
Unhabitual, perhaps too many, Samuel Gebreyohannes, 38, used to occasionally enjoy a couple of beers at breakfast. However, he recently swit...
Jul 13 , 2024 . By AKSAH ITALO
Investors who rely on tractors, trucks, and field vehicles for commuting, transporting commodities, and f...
Jun 13 , 2026
The recent policy decision to fully open freight forwarding to foreign capital may be...
Jun 6 , 2026
For a political veteran as controversial as Getachew Reda, last week's national elect...
May 30 , 2026
Tomorrow, millions of Ethiopians are expected to vote in the seventh national electio...
May 23 , 2026
An International Monetary Fund (IMF) team has spent weeks in Addis Abeba conducting t...
Loading your updates...