IFC and MIGA reaffirm support for Ethiopia’s economic reform and private investment drive
Addis Ababa, October 20, 2025 (FMC) – Ethiopia has strengthened its cooperation with the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA) to mobilize private capital and accelerate the country’s economic transformation.
Finance Minister Ahmed Shide held discussions with IFC Managing Director Makhtar Diop and MIGA Executive Vice President Hiroshi Matano on the sidelines of the 2025 World Bank–IMF Annual Meetings. The talks focused on expanding strategic collaboration to de-risk investments, attract financing, and unlock private sector growth in priority areas.
On the occasion, Minister Ahmed highlighted the progress achieved under Ethiopia’s Homegrown Economic Reform Agenda, which has strengthened macroeconomic stability and improved the investment climate. He reaffirmed the government’s commitment to maintaining reform momentum and working closely with international partners to attract transformative private investment.
“The Government of Ethiopia is determined to build one of Africa’s most competitive environments for private investment,” the Minister said. “Our partnership with IFC and MIGA will combine investment, advisory, and risk-mitigation support to give international investors the confidence to undertake major projects in Ethiopia.”
The discussions covered collaboration in key sectors, including energy, infrastructure, agribusiness, manufacturing, and financial markets. The partners explored ways to expand renewable energy generation, advance large-scale infrastructure projects such as the planned new international airport, promote value addition in agribusiness, strengthen the industrial base, and improve access to finance for small and medium-sized enterprises through local financial institutions.
Makhtar Diop commended Ethiopia’s reform progress and reaffirmed IFC’s long-term commitment to expanding its investments in the country. He said IFC, in partnership with the government and MIGA, will leverage its investment and advisory instruments to crowd in private capital, support viable projects, and create jobs.
Hiroshi Matano emphasized MIGA’s role in strengthening investor confidence through risk guarantees. He also announced that MIGA, together with the Government of Ethiopia, will host a workshop for investors and policymakers in December in Addis Ababa to further promote foreign investment opportunities.
IFC and MIGA are the private sector arms of the World Bank Group, providing investment, advisory, and risk-mitigation services that support sustainable development and inclusive growth.