Minister of Finance Convenes Ministerial Meeting of Horn of Africa Initiative in Brussels

Finance Minister Ahmed Shide convened a ministerial meeting of the Horn of Africa Initiative (HOAI) in Brussels and met EU officials on the sidelines.

Minister of Finance of Ethiopia and current Chairperson of the Horn of Africa Initiative (HOAI) co-chaired the 19th Ministerial Meeting of HOAI along with the European Commission, Vice-President Margaritis Schinas from December 14-15, 2023, in Brussels.

Ministers of Finance of the Horn of Africa region and development partners including the World Bank, IFC, ADB, EIB, France, Germany, Netherlands, and the UK were present, according to the Embassy of Ethiopia in Brussels.

In addition, representatives of the private sector and Brussels-based civil society that focused on development matters also took part in the event.

The minister emphasized that the HOAI has been instrumental in focusing on regional integration that includes infrastructure development and trade facilitation with encouraging achievements.

Moreover, he elaborated on how an effective link was established with various development partners to realize the goals of the initiative.

Ahmed commended the UK for becoming a full member of the HOAI and informed participants of efforts underway to enlarge membership to non-traditional partners.

During the ministerial meeting, an 83 million Euro EU Alliance agreement was forged as part of the EU Global Gateway partnership targeting to boost trade and economic integration as well as enhance resilience to the Horn of Africa region.

Alongside the ministerial meeting, the minister met and discussed with Margaritis Schinas Vice President and Acting Commissioner of INTPA, and Enrique Mora Deputy Secretary General of EEAS.

During the exchange of views, the two sides discussed about developments on macroeconomic achievements and challenges as well as current political dynamics in Ethiopia.

The two sides agreed to continue collaborating on ways and means of strengthening the Ethiopia-EU relations.

Source: ENA

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