Ethiopian delegation attending the 2023 WB-IM Spring Meetings in Washington, D.C

Addis Ababa, April 12, 2023 (FBC) – The Ethiopian delegation led by Finance Minister Ahmed Shide is participating in the 2023 WB-IMF Spring Meetings being held in Washington D.C.

The Finance Minister attended the IMF Group of 24 (G-24) conference to discuss efforts of securing sustainable and inclusive growth amidst emerging challenges.

During the event, World Bank Group President David Malpass emphasized the ‘importance of concessional resources & the challenge of capital flowing away from development to fund advanced economies’

It was also expressed that the effects of COVID 19, climate change, geopolitical conflicts, debt burden, etc. exacerbated the global fuel and food price inflation.

Kristalina Georgieva, Managing Director of IMF stressed the need for an urgent globally coordinated measures to address the aforementioned challenges and reclaim a more economically stable and peaceful world, as per the Ethiopian Embassy in Washington, D.C.