Ministry of Finance, AfDB conducted joint fiduciary clinic training

Addis Ababa, November 11, 2024 (FBC) – Ethiopia’s Ministry of Finance and the African Development Bank (AfDB) jointly conducted a Fiduciary Clinic Training workshop for Bank-financed projects, held from November 4-8, 2024 in Hawassa city.

This event was attended by key stakeholders, including regional and federal government officials, Project Implementation Unit (PIU) Coordinators, Procurement Specialists, Financial Management staff, and representatives from Executing Agencies and African Development Bank staff.

The training is designed to equip and familiarize government staff handling AfDB-financed projects/programs on Bank procedures and regulations. The training will also help the capacity-building efforts aimed at overcoming major obstacles in project implementation, thereby ensuring smooth execution, enhanced disbursement, improving implementation ratings, and reaching end beneficiaries.

Training participants engaged in a series of presentations and discussions led by Bank specialists on topics covered are country portfolio, disbursement and financial management, procurement management, environment and safeguards. The sessions provided insightful discussions on contract management and administration, challenges in procurement planning and execution, disbursement methods, and audit requirements for projects.

As of today, the African Development Bank supports approximately 24 active projects within the country, with a total investment of 1.21 billion USD, according to the Ministry of Finance.

The Bank’s portfolio is predominantly focused on the Energy Sector (30%), followed by the Private Sector (20%), Agriculture (16%), and Transport Sector (15%).