[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-112388-en":3,"doc-seo-112388-105":28,"detail-sidebar-cat-0-en-105":89},{"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":20,"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},112388,137441390410,"Hazel","https://ap-avatar.wpscdn.com/avatar/2000252f4ab5702993?_k=1776741390130283984",8,"Research & Report","Ethiopia - Inclusive Growth Development Policy Operation - Chair Summary - June 25, 2026","Chair Summary dated June 25, 2026 records Executive Directors’ approval of two grants and one credit for Ethiopia’s Inclusive Growth Development Policy Operation totaling US$1.45 billion equivalent, including Crisis Response Window support, plus a proposed waiver. Directors back continued World Bank engagement and reforms spanning financial intermediation, fiscal sustainability, economic management, private investment, and social inclusion, alongside statistical reform. Focus areas include social protection, climate resilience, gender equality, macroeconomic discipline, data transparency, market-opening measures, and close monitoring of fiscal risks to vulnerable households.","Public Disclosure Authorized Public Disclosure Authorized  \nEthiopia  \nInclusive Growth Development Policy Operation  \nChair Summary*  \nJune 25, 2026  \nThe Executive Directors approved two grants and a credit to the Federal Democratic Republic of Ethiopia for the Inclusive Growth Development Policy Operation in the total amount of US$1.45 billion equivalent (comprising of US$850 million in grants, including US$200 million from the Crisis Response Window, and US$600 million in credit financing) and the proposed waiver in paragraph 4, of the President’s Memorandum on the terms and conditions set out therein. Ms. Moghtader wished to be recorded as abstaining.  \nDirectors broadly supported continued Bank engagement in Ethiopia and welcomed reforms to strengthen financial intermediation, fiscal sustainability, economic management, private sector investment, and social inclusion. They also supported the government on their statistical reform. They noted progress in reducing foreign exchange distortions, strengthening revenue mobilization, and easing of financial repression. Directors also emphasized improving social protection, climate resilience, and strengthening gender equality.  \nDirectors recognized the difficult external environment and stressed the need to maintain macroeconomic discipline, sustain exchange rate and financial sector reforms, and complete debt treatment. They emphasized the importance of strong Government ownership, institutional capacity building to ensure implementation of reforms. Directors highlighted the importance of transparency and reliable data. They also encouraged World Bank and IMF collaboration, and coordinated support from development partners. They welcomed fuel procurement and pricing reforms, while urging careful implementation, transparent communication, and close monitoring of fiscal impacts and risks to vulnerable households and appreciated the use of the Bank’s crisis response instrument.  \nDirectors welcomed reforms to improve the investment climate and market contestability, including measures in logistics, energy, water, agricultural input markets, agribusiness, competition policy, and trade finance. They emphasized that market-opening reforms should translate into lower costs, more reliable services, private investment, and jobs. Directors also noted the importance of continued technical assistance and complementary investment operations to address implementation bottlenecks, including in customs administration, logistics performance, and energy access.  \n*This Summary is not an approved record.","cbCaicaaG10nJVYk","https://ap.wps.com/l/cbCaicaaG10nJVYk","pdf",93808,1,"English","en",105,"# Approval and Financial Terms\n## Grants, Credit, and Proposed Waiver\n# Policy Reform Focus\n## Financial, Fiscal, and Statistical Reforms\n## Social Inclusion, Protection, and Gender Equality\n# Implementation and Risk Management\n## Macroeconomic Discipline, Data, and Ownership\n## Transparency and Monitoring","[{\"question\":\"What did the Executive Directors approve for Ethiopia under the Inclusive Growth Development Policy Operation?\",\"answer\":\"Two grants and a credit totaling US$1.45 billion equivalent, including US$200 million from the Crisis Response Window, plus a proposed waiver in the President’s Memorandum.\"},{\"question\":\"Which reform areas did Directors broadly support?\",\"answer\":\"Reforms to strengthen financial intermediation, fiscal sustainability, economic management, private sector investment, social inclusion, and statistical reform.\"},{\"question\":\"What implementation priorities and safeguards did Directors emphasize?\",\"answer\":\"Maintaining macroeconomic discipline, sustaining exchange rate and financial sector reforms, completing debt treatment, strengthening government ownership and institutional capacity, and ensuring transparency with reliable data and close monitoring of fiscal impacts and risks to vulnerable 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did the Executive Directors approve for Ethiopia under the Inclusive Growth Development Policy Operation?","Question",{"text":73,"@type":74},"Two grants and a credit totaling US$1.45 billion equivalent, including US$200 million from the Crisis Response Window, plus a proposed waiver in the President’s Memorandum.","Answer",{"name":76,"@type":71,"acceptedAnswer":77},"Which reform areas did Directors broadly support?",{"text":78,"@type":74},"Reforms to strengthen financial intermediation, fiscal sustainability, economic management, private sector investment, social inclusion, and statistical reform.",{"name":80,"@type":71,"acceptedAnswer":81},"What implementation priorities and safeguards did Directors emphasize?",{"text":82,"@type":74},"Maintaining macroeconomic discipline, sustaining exchange rate and financial sector reforms, completing debt treatment, strengthening government ownership and institutional capacity, and ensuring transparency with reliable data and close monitoring of 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