Ethiopia - Structural Adjustment Loan II


Project Summary

Approval Date 18 Oct 2001
Signature Date 16 Nov 2001
Planned Completion Date 31 Dec 2004
Last Disbursement Planned Date 31 Dec 2004
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 11330
Commitment U.A 60,000,000
Status Completion

Project General Description

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.

Project Objectives

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.

Beneficiaries

The project beneficiary is the Government of the Federal Democratic Republic of Ethiopia.

Participating Organization

Funding
African Development Fund
Implementing
GOVERNMENT OF ETHIOPIA

Information

IATI identifier 46002-P-ET-K00-005
Last Update 01 Dec 2022

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Contact Details

Name MWANAKATWE Peter
Email p.mwanakatwe@afdb.org

Geographic Location

Country Ethiopia
Coordinates Location Name
9 39.5 Ethiopia