AMN PLUS-June 30, 2026
Ethiopia and Italy have signed a €70 million loan agreement to support the implementation of Ethiopia’s Homegrown Economic Reform agenda and key development projects.
The agreement was signed by Ethiopia’s Minister of Finance, Ahmed Shide, and Italy’s Ambassador to Ethiopia, Sem Fabrizi.
Speaking at the signing ceremony, Finance Minister Ahmed Shide said the agreement reflects the strong partnership between Ethiopia and Italy and further strengthens the longstanding historical ties between the two countries. He noted that the loan agreement forms part of the broader cooperation frameworks previously reached between the two nations.
The minister explained that the financial support will help advance Ethiopia’s ongoing national economic reform program and contribute to the country’s development goals.
He stated that Ethiopia has successfully completed the second phase of its comprehensive macroeconomic reform program and added that the World Bank has approved budget support for the implementation of the third phase of the reforms.
Ahmed Shide also expressed appreciation to the Italian government for its financial support and continued partnership in Ethiopia’s development efforts and economic reform agenda, according to ENA.
By Leta Teresa
