Ethiopia's poverty reduction plan praised by World Bank
Sapa-AFP - October 18 2001
Addis Abbaba - World Bank chief economist Nicholas Stern has praised Ethiopia for its
efforts towards poverty reduction, a concept that now underlies much of the Bretton Woods
institutions' lending, a World Bank statement said.
"Mr Stern congratulated the government for its comprehensive and impressive vision for
reducing poverty in Ethiopia," according to the statement released Thursday, a day after
Stern met Ethiopian Prime Minister Meles Zenawi.
"Accordingly, the World Bank will work on developing a strong and sustained support for
Ethiopia focusing on infrastructure (especially roads), capacity building and rural
development," the World Bank said.
"The government's program constitutes a dynamic and comprehensive strategy, with very
good prospects of generating sustained long-term growth and empowering the poor to
participate strongly in this process."
On Tuesday, Meles undertook to focus the work of his government on development and
poverty reduction when he announced a cabinet reshuffle which saw the creation of several
In May next year, Ethiopia is due to submit a final version of its Poverty-Reduction Strategy
Plan to the International Monetary Fund and the World Bank.
The World Bank gave more money to Ethiopia in the 2000 to 2001 year than to any other
sub-Saharan country: some $668 million. - Sapa-AFP