Addis Ababa, October 2025 (FMC) – Ethiopia and the Asian Infrastructure Investment Bank (AIIB) have reaffirmed their commitment to strengthen cooperation in financing transformative infrastructure and energy projects that advance sustainable and inclusive growth.
The pledge came during a meeting between Finance Minister Ahmed Shide and AIIB Vice President Ajay Bhushan Pandey, held on the sidelines of the ongoing World Bank Group and International Monetary Fund (IMF) Annual Meetings.
Minister Ahmed underscored the need to expand concessional financing mechanisms to better assist developing countries in addressing infrastructure gaps and climate priorities. Reflecting on his previous role as Vice Chair of the AIIB Board of Governors, he commended the Bank’s achievements over the past decade in mobilizing resources to support critical infrastructure across member nations.
He also briefed the Vice President on the progress of Ethiopia’s new international airport mega project, noting that preparatory discussions are already underway, and highlighted the significance of AIIB’s engagement in other key areas—particularly in the energy sector.
Vice President Pandey, in turn, praised Ethiopia’s ongoing economic reform agenda and its strong focus on infrastructure-driven growth. He reaffirmed AIIB’s readiness to deepen its partnership with Ethiopia and support the country’s sustainable development priorities through enhanced financing and technical collaboration.
Both sides agreed to accelerate joint efforts to mobilize AIIB’s support for major infrastructure initiatives, especially in transportation, energy, and connectivity, reflecting a shared vision for long-term development cooperation.