ADDIS ABABA — The World Bank has pledged to increase its support for Ethiopia's economic reform program, according to statements from the institution's 2026 Spring Meetings. The commitment aims to help the country navigate global economic pressures and sustain its development progress.
During high-level talks, World Bank Group President Ajay Banga and Ethiopian Prime Minister Abiy Ahmed discussed the ongoing partnership. The Bank emphasized its focus on supporting Ethiopia's efforts to stabilize the economy, create jobs, and build resilience against climate and food security challenges.
The new support package is expected to include both financing and technical assistance, building on the World Bank's existing portfolio in the country, which exceeds $10 billion. The institution stated that its engagement remains critical as Ethiopia implements a homegrown economic reform agenda.
This renewed backing comes as Ethiopia continues to seek international financial support following a recent debt restructuring agreement under the G20 Common Framework. The World Bank's pledge underscores its role as a key development partner for one of Africa's largest economies.
