Ethiopia Economic Opportunities Program

Abstract*

The development objective of Economic Opportunities Program Program-for-Results Project is to provide economic opportunities for Ethiopians and refugees in an environmentally and socially sustainable way. Ethiopia is a landlocked country that has experienced impressive growth and gains in development in the past two decades. Despite accelerated progress, Ethiopia remains challenged by the need to create economic opportunities for its fast-growing... Show More

Development Objective

The PDO is to provide economic opportunities for Ethiopians and Refugees in an environmentally and socially sustainable way.

Key Details

Project Details

Project ID
P163829
Status
Active
Team Leader
Senidu Fanuel , Alejandro Espinosa-Wang
Borrower 2
Ministry of Finance

Country
Ethiopia
Disclosure Date
September 14, 2017
Approval Date
(as of board presentation)
June 26, 2018
Effective Date
April 22, 2019

Total Project Cost 1
US$ 333.60 million
Implementing Agency
Ethiopian Investment Commission
Region
Eastern and Southern Africa
Fiscal Year 3
2018

Commitment Amount
US$ 224.25 million
Environmental Category
B
Last Update Date
June 12, 2024
Closing Date
June 30, 2025

Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Human Development and Gender

FY17 - Gender9%
FY17 - Labor Market Policy and Programs54%
- FY17 - Active Labor Market Programs54%

FY17 - Private Sector Development

FY17 - Business Enabling Environment31%
- FY17 - Investment and Business Climate31%
FY17 - Jobs85%
- FY17 - Job Creation75%
- FY17 - Job Quality9%

FY17 - Public Sector Management

FY17 - Public Finance Management4%
- FY17 - Public Expenditure Management4%

FY17 - Social Development and Protection

FY17 - Fragility, Conflict and Violence87%
- FY17 - Forced Displacement87%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
Forced Displacement Trust Fund	12.00
IDA Credit	187.13
Borrower/Recipient	44.09
Multi-donor Umbrella Facility for Capacity Development	25.12

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	187.13
IBRD + IDA Commitment	187.13

Lending Instrument
Grant Amount	37.12
Total Project Cost**	333.60

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

No data available.

Detailed Financial Activity as of March 31, 2025

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Period	Financier	Transaction Type	Amount (US$)
Jun 26, 2018	IDA-62920	Loan Commitment	83,330,000.00
Apr 15, 2020	IDA-62920	Int Charges	22,522.99
Oct 30, 2023	IDA-62920	Int Charges	1,017.62
Oct 30, 2023	IDA-62920	Int Charges	1,017.62
Oct 30, 2023	IDA-62920	Int Charges	151,432.10
Oct 30, 2023	IDA-62920	Int Charges	151,432.10
Apr 15, 2024	IDA-62920	Int Charges	2,400.01
Apr 15, 2024	IDA-62920	Int Charges	2,400.01
Apr 15, 2024	IDA-62920	Int Charges	149,571.22
Apr 15, 2024	IDA-62920	Int Charges	149,571.22
Apr 28, 2023	IDA-62920	Int Charges	137,364.84
Apr 28, 2023	IDA-62920	Int Charges	137,364.84
Apr 15, 2023	IDA-62920	Int Charges	4,367.83
Apr 15, 2023	IDA-62920	Int Charges	4,367.83
Apr 15, 2022	IDA-62920	Int Charges	830.50
Apr 15, 2022	IDA-62920	Int Charges	830.50
Apr 15, 2022	IDA-62920	Int Charges	135,150.20
Apr 15, 2022	IDA-62920	Int Charges	135,150.20
Oct 15, 2022	IDA-62920	Int Charges	3,427.38
Oct 15, 2022	IDA-62920	Int Charges	3,427.38
Oct 15, 2022	IDA-62920	Int Charges	123,606.71
Oct 15, 2022	IDA-62920	Int Charges	123,606.71
Feb 2, 2023	IDA-62920	Loan Disb	5,766,006.00
Oct 20, 2020	IDA-62920	Int Charges	8,216.42
Oct 20, 2020	IDA-62920	Int Charges	8,216.42
Oct 20, 2020	IDA-62920	Int Charges	90,280.47
Oct 20, 2020	IDA-62920	Int Charges	90,280.47
Oct 20, 2020	IDA-62920	Loan Disb	373,789.70
Oct 20, 2020	IDA-62920	Loan Disb	280,342.25
Oct 20, 2020	IDA-62920	Loan Disb	280,342.25
Apr 16, 2021	IDA-62920	Int Charges	436.84
Apr 16, 2021	IDA-62920	Int Charges	436.84
Apr 16, 2021	IDA-62920	Int Charges	95,062.53
Apr 16, 2021	IDA-62920	Int Charges	95,062.53
Apr 23, 2021	IDA-62920	Loan Disb	12,620,417.00
Oct 15, 2021	IDA-62920	Int Charges	714.55
Oct 15, 2021	IDA-62920	Int Charges	714.55
Oct 15, 2021	IDA-62920	Int Charges	137,723.11
Oct 15, 2021	IDA-62920	Int Charges	137,723.11
Jun 13, 2019	IDA-D3460	Loan Disb	8,582,722.00
Apr 22, 2019	IDA-D3460	Loan Disb	886,093.70
Dec 31, 2019	IDA-D3460	Loan Disb	24,691,812.00
Oct 13, 2020	IDA-D3460	Loan Disb	527,671.94
Oct 13, 2020	IDA-D3460	Loan Disb	396,107.60
Oct 13, 2020	IDA-D3460	Loan Disb	396,107.60
Oct 13, 2020	IDA-D3460	Loan Disb	563,392.30
Apr 5, 2021	IDA-D3460	Loan Disb	18,194,428.00
Feb 27, 2023	IDA-D3460	Loan Disb	7,963,178.00
Jun 25, 2024	IDA-D3460	Loan Disb	2,096,377.50
Jun 13, 2019	IDA-62920	Loan Disb	6,090,964.00
Mar 23, 2020	IDA-62920	Loan Disb	17,072,488.00
Oct 15, 2019	IDA-62920	Int Charges	15,329.33
Oct 15, 2019	IDA-62920	Int Charges	15,329.33
Apr 15, 2020	IDA-62920	Int Charges	40.93
Apr 15, 2020	IDA-62920	Int Charges	40.93
Apr 15, 2020	IDA-62920	Int Charges	22,522.99
Jun 26, 2018	IDA-D3460	Loan Commitment	118,670,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Moderately Satisfactory	2025-02-20
Monitoring and Evaluation	Moderately Satisfactory	2025-02-20
Overall Implementation Progress (IP)	Moderately Satisfactory	2025-02-20

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Percentage of refugee hosting communities with functional ARRA facilitation and support branches Value 0.00 50.00 80.00
Date July 31, 2017 February 29, 2024 December 31, 2024
Comment
Number of Refugees with access to Economic Opportunities Value 0.00 17054.00 30000.00
Date July 31, 2017 February 29, 2024 December 31, 2024
Comment
Number of Ethiopians with access to economic opportunities Value 0.00 24607.00 30000.00
Date July 31, 2017 February 29, 2024 December 31, 2024
Comment
Disclosure of Better work Synthesis compliance reports and MoLSA synthesis inspection reports Value No Yes Yes
Date July 31, 2017 February 29, 2024 December 31, 2024
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

A formal domestic MoU is signed between FEAAC and the Office of AG to formalize cooperation on Fraud and corruption Value No Yes Yes
Date July 31, 2017 February 29, 2024 December 31, 2024
Comment
Environmental standards and guidelines for IPs developed Value 0.00 1.00 1.00
Date July 31, 2017 February 29, 2024 December 31, 2024
Comment
Percentage of refugee hosting communities with functional GRM in place Value 0.00 50.00 80.00
Date July 31, 2017 February 29, 2024 December 31, 2024
Comment
Share of factory workers reporting satisfaction with thier workplace condition in the existing IPs Value 0.00 0.00 50.00
Date July 31, 2017 February 29, 2024 December 31, 2024
Comment
Promulgation of the new refugees proclamation by the Parliament Value No Yes Yes
Date July 31, 2017 February 29, 2024 December 31, 2024
Comment
Private sector investment catalyzed (signed MoUs) in IPs supported by the Program Value 3.00 38.00 31.00
Date July 31, 2017 February 29, 2024 December 31, 2024
Comment
Number of project beneficieries reached by jobs focused WBG interventions Value 0.00 41661.00 60000.00
Date July 31, 2017 February 29, 2024 December 31, 2024
Comment

MoLSA, EIC, ARRA and IPDC establish a system for recording, reporting and information sharing for handling maladministration, procurement and corruption complaints	Value	No	Yes	Yes
	Date	July 31, 2017	February 29, 2024	December 31, 2024
	Comment

Ethiopian Investment Board decision made on feasibility study of private sector led participation in BL I, HIP, MIP and KIP Value 0.00 1.00 5.00
Date July 31, 2017 February 29, 2024 December 31, 2024
Comment
Number of Business Licenses issued for refugees Value 0.00 0.00 500.00
Date July 31, 2017 February 29, 2024 December 31, 2024
Comment
Number of targeted investment facilitations by EIC Value 250.00 7193.00 1750.00
Date July 31, 2017 February 29, 2024 December 31, 2024
Comment

Directives amended to permit establishment of foreign exchange accounts and to permit higher debt-equity ratio for foreign investors	Value	No	Yes	Yes
	Date	July 31, 2017	February 29, 2024	December 31, 2024
	Comment

An Investment Promotion strategy adopted by EIC Value No Yes Yes
Date July 31, 2017 February 29, 2024 December 31, 2024
Comment

Number of new leads for Business to Business matches between local suppliers and international purchasers in competitive export sectors	Value	5.00	31.00	50.00
	Date	July 31, 2017	February 29, 2024	December 31, 2024
	Comment

Percentage of refugee hosting communities with functional ARRA facilitation and support branches	Value	0.00	50.00	80.00
	Date	July 31, 2017	February 29, 2024	December 31, 2024
	Comment

Private sector investment catalyzed (signed MoUs) in IPs supported by the Program	Value	3.00	38.00	31.00
	Date	July 31, 2017	February 29, 2024	December 31, 2024
	Comment

Number of targeted investment facilitations by EIC	Value	250.00	7193.00	1750.00
	Date	July 31, 2017	February 29, 2024	December 31, 2024
	Comment

Ethiopia Economic Opportunities Program

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

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Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

Detailed Financial Activity as of March 31, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INTERMEDIATE RESULTS INDICATORS