|Approval Date||18 Oct 2001|
|Signature Date||16 Nov 2001|
|Planned Completion Date||02 Jan 2002|
|Last Disbursement Planned Date||31 Dec 2004|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||11330|
The proposed Structural Adjustment Loan is designed to assist the Government of the Federal Democratic Republic of Ethiopia in implementing its I-PRSP. The ADF support aims at building synergy with the IMF and the World Bank support, while also focusing on important areas of the Bank’s vision and the ADF-VIII Lending Policy. It will support reform in four key areas, namely, macroeconomic framework, agriculture development and food security, public expenditure policy and management, and legal and judicial system reform. Designed to provide balance of payments support, the program will contribute towards meeting Ethiopia’s foreign exchange gap and hence contribute to boosting the official reserves. It will also indirectly help to ease government’s fiscal constraints since the counterpart funds will feed directly into the budget. Thus, the loan proceeds would also enhance the capacity of the Government to implement its poverty reduction programmes.
The objective of the project is to assist the Government in deepening economic reforms to restore macroeconomic stability, promote equitable economic growth and poverty reduction in line with the international development goals. Specifically, the loan will provide balance of payments support to Ethiopia for the implementation of the reform agenda outlined in its I-PRSP.
The project beneficiary is the Government of the Federal Democratic Republic of Ethiopia.
African Development Fund
GOVERNMENT OF ETHIOPIA
Government of Ethiopia
|Last Update||27 Mar 2023|