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Ethiopia First Sustainable and Inclusive Growth Development Policy Operation

Abstract*

This Development Policy Operation (DPO) is the first in a programmatic series of two operations to support the Government of Ethiopia’s efforts to: (i) advance financial sector restructuring and trade liberalization, (ii) promote fiscal sustainability and transparency, and (iii) enhance social resilience and climate action. It comprises an International Development Association (IDA) grant in the amount of SDR 760.3 million (US$1,000 million equivalent)...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

To support the Government of Ethiopia's efforts to: (i) advance financial sector restructuring and trade liberalization; (ii) promote fiscal sustainability and transparency; and (iii) enhance social resilience and climate action

Key Details

Project Details

  • P181591

  • Active

  • Tehmina Shaukat Khan , Vinayakraj Nagaraj, Samuel Mulugeta

  • Federal Democratic Republic of Ethiopia

  • Ethiopia

  • May 31, 2024

  • (as of board presentation)

    July 30, 2024

  • July 31, 2024

  • US$ 1500.00 million

  • N/A

  • March 15, 2024

  • December 31, 2027

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 500.00
IDA Grant 1000.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 1500.00
IBRD + IDA Commitment 1500.00
Lending Instrument
Grant Amount N/A
Total Project Cost** N/A

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

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of January 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Jul 31, 2024 IDA-76180 Loan Disb 505,065,280.00
Jul 31, 2024 IDA-E3590 Loan Disb 1,009,997,700.00
Jul 30, 2024 IDA-E3590 Loan Commitment 1,000,000,000.00
Jul 30, 2024 IDA-76180 Loan Commitment 500,000,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.