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The three main Development Partners are the African Development Bank, the European Union, and the World Bank. As of January 2023, the three DPs had committed USD$ 8.74 Billion under the HoA Initiative. At the 17th Ministerial Roundtable on May 24th, 2023, HoAI welcomed the Federal Ministry of Germany (BMZ) as a new Development Partner, bringing the number to four.
The overall portfolio includes 54 active projects with USD $ 4,555. 89 Million in total commitment and 25 projects in the pipeline under preparation with USD$ 4,184.34 Million in commitment.
The World Bank is an international financial institution that offers critical financial support to governments of developing countries through a range of loans and grants. These resources are used to fund vital capital projects that promote economic growth and improve the quality of life for citizens in low- and middle-income countries.
The European Union is a unique and powerful political and economic entity comprising 27 member states.
The EU’s supranational structure allows for cooperation and collaboration among its member states, promoting peace, prosperity, and stability on the continent.
The African Development Bank Group or Banque Africaine de Développement is a multilateral development finance institution headquartered in Abidjan, Ivory Coast.
The AfDB is a financial provider to African governments and private companies investing in the regional member countries.
The Federal Ministry for Economic Cooperation and Development is a governmental institution in Germany that focuses on promoting sustainable economic development, reducing poverty, and improving living conditions in developing countries.
Horn of Africa Secretariat
Ministry of Finance, King George Avenue, Sidist Kilo, Yekatit 12 Square, MoF Cooperation building, 2nd Floor – 204, Arada Sub-city, Woreda11/12, Addis Ababa, Ethiopia
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