Ethiopian Finance Minister Ahmed Shide has stated that Ethiopia is committed to working towards regional integration and joint development. Speaking at the African Horn Initiative meeting of finance ministers in Kenya, Shide emphasized the country's dedication to strengthening ties with neighboring countries. He highlighted Ethiopia's efforts to develop infrastructure projects that connect the region, citing the recently launched Ethiopia-Djibouti oil pipeline project as an example.
The Ethiopia-Djibouti oil pipeline project aims to enhance the region's energy security and reduce logistics costs. Shide also noted that Ethiopia is playing a crucial role in promoting clean energy in the region through the Grand Ethiopian Renaissance Dam. As the chair of the East African Power Transmission Network Ministers' Council, Shide emphasized Ethiopia's commitment to contributing to the region's energy development.
Shide also expressed Ethiopia's support for the decisions made at the East African Trade Ministers' meeting held in Addis Ababa earlier this month. He stated that Ethiopia will implement the agreed-upon measures, including the establishment of a trade facilitation committee. The committee aims to address key issues hindering the region's trade and economic integration.
The African Horn Initiative meeting brought together finance ministers from the region to discuss ways to promote economic integration and development. Shide emphasized the need for the region to work together to address common challenges, including climate change. He stressed that strengthening the region's resilience to climate change is crucial for sustainable development.
Shide also acknowledged the partnership between the Arab Bank and East African countries, which has contributed to the region's economic development. He expressed gratitude for the bank's support for infrastructure development projects in Ethiopia. The Arab Bank has played a significant role in promoting economic development in the region.
The meeting concluded with a commitment to prioritize trade facilitation and strengthen dialogue among member states. Shide emphasized that regional integration and joint development are essential for promoting economic growth and reducing poverty in the region. Ethiopia is committed to working with its neighbors to achieve these goals.
The African Horn Initiative aims to promote economic integration and development in the Horn of Africa region. The initiative brings together countries from the region to discuss ways to address common challenges and promote cooperation. Ethiopia's commitment to regional integration and joint development is expected to contribute to the region's economic growth and stability.
Key points
- Ethiopia reaffirms commitment to regional integration and joint development
- Ethiopia-Djibouti oil pipeline project to enhance regional energy security
- Region must work together to address climate change challenges
