[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-111584-en":3,"doc-seo-111584-105":28,"detail-sidebar-cat-0-en-105":88},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":4,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":20,"language":21,"language_code":22,"site_id":23,"html_lang":22,"table_of_contents":24,"faqs":25,"seo_title":13,"seo_description":14,"update_tm":26,"read_time":27},111584,687197207639,"Asher","https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd",8,"Research & Report","Ethiopia - First Sustainable and Inclusive Growth Development Policy Operation Chair Summary - 2024","Chair Summary dated July 30, 2024 records the Executive Directors’ approval of financing for Ethiopia’s First Sustainable and Inclusive Growth Development Policy Operation: a grant of SDR 760.3 million and a credit of SDR 380.2 million under the President’s Memorandum. Directors support the program’s complementarity with the IMF, emphasize G20 Common Framework participation by official creditors, and stress mitigation of risks to vulnerable groups during the adjustment period. The summary highlights the need to strengthen social safety nets, enhance fiscal transparency through technical assistance, and manage implementation risks via monitoring and donor coordination.","Public Disclosure Authorized Public Disclosure Authorized  \nEthiopia  \nEthiopia First Sustainable and Inclusive Growth Development Policy Operation  \nChair Summary*  \nJuly 30, 2024  \nThe Executive Directors approved a grant in the amount ofSDR 760.3 million (US$1,000 million equivalent) and a credit in the amount of SDR 380.2 million (US$500 million equivalent) to the Federal Democratic Republic of Ethiopia for the First Sustainable and Inclusive Growth Development Policy Operation on the terms and conditions set out in the President’s Memorandum.  \nDirectors supported the program and appreciated the complementarity with the IMF program. They highlighted the importance of official creditors participating under the G20 Common Framework for Debt Treatments. They stressed the criticality of supporting the country during the adjustment period and to build solid foundations for long-term economic growth in Ethiopia, while alleviating the potential negative impact on the most vulnerable.  \nDirectors encouraged the Bank to continue working with the authorities and other development partners to expand the coverage, efficiency, and effectiveness of Ethiopia’s social safety nets to broaden social inclusion. Directors welcomed the efforts to enhance fiscal transparency and stressed the continued need for technical assistance to improve the transparency of budget and offbudget activities.  \nDirectors noted the risks associated with the implementation of the reforms, notably the continued risks associated with conflict as well as political and governance, macroeconomic, sectoral, institutional, social, and stakeholder risks. They highlighted the need for a strong communication strategy to build public support for successful implementation of the reforms. They underlined the importance of carefully monitoring risks as well as strong donor coordination among the Bank, IMF, and other development partners on risk mitigation measures.  \n*This Summary is not an approved record.","cbCaieeHd0J9f2Fo","https://ap.wps.com/l/cbCaieeHd0J9f2Fo","pdf",64674,1,"English","en",105,"# Executive Directors’ approval\n## Financing amounts and terms\n## Rationale and complementarities","[{\"question\":\"What financing was approved for Ethiopia’s policy operation?\",\"answer\":\"A grant of SDR 760.3 million and a credit of SDR 380.2 million were approved under the President’s Memorandum terms.\"},{\"question\":\"How do Directors link the operation with the IMF program?\",\"answer\":\"Directors support the program and highlight its complementarity with the IMF program, including alignment during the adjustment period.\"},{\"question\":\"Which key implementation priorities and risks are highlighted?\",\"answer\":\"Directors emphasize expanding social safety 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