The Development Effectiveness Review on Ethiopia 2015 examines Ethiopia’s development challenges in recent years and assesses the African Development Bank’s contribution to addressing them. It also looks at how effectively we manage our operations and our organization in Ethiopia.
Ethiopia is one of the fastest-growing economies in the world, averaging 10% growth over the past decade. Even with high population growth, the country’s per capita income has tripled over the last eight years. This strong economic performance has provided the Ethiopian Government with a platform for pursuing its ambitious national development agenda. As a result, over the past eight years 2.5 million people have been lifted out of poverty, and the proportion of Ethiopians living below the poverty line has fallen below 30%.
Over the past 40 years, the AfDB has been a leading provider of development finance in support of Ethiopia’s national development agenda, with 118 projects at a total value of $4 billion. From 2005 to 2013, our investments have made a substantial contribution to expand Ethiopia’s road infrastructure and improve access to transport to over 7.5 million people.
On electrification, our contribution helped Ethiopia to provide nearly 40,000 people with electricity connections. Our support for national water and sanitation programmes has made a major contribution to health outcomes, as we have achieved our target of providing improved water and sanitation to 250,000 people. We contributed budget support to Ethiopia’s ambitious decentralized Promoting Basic Services programme (PBS), helping to meet the salary costs of teachers, health workers and other frontline service providers.
We have also supported successful private sector projects in Ethiopia – including the national airlines – and provided financial services to the many Ethiopians who run small and micro business through our microfinance programme which has benefited nearly 2 million people.
This report also tracks the performance of the Bank’s Ethiopia portfolio against the goals and targets set out in our Results Measurement Framework, with some illustrations of our operations at work.
The portfolio of the Bank in Ethiopia is in robust shape with fewer, but larger operations as the average size of our public sector operations is three times the average across Africa. With a focused and selective portfolio, the AfDB is able to address implementation challenges and achieve higher levels of impact.
AfDB remains committed to supporting Ethiopia’s national development goals. We will continue to help Ethiopia to close its infrastructure gap, pursue regional integration, and to support improvements in agriculture, basic services and the business environment. As the premier African development organization, the AfDB stands ready to help Ethiopia promote transformation and achieve its vision of middle-income country status by 2025.
Source: www.afdb.org
