Post-conflict reconstruction in Ethiopia following a deal to end its two-year civil war will cost about $20bn and require help from international institutions and investors, according to the country’s finance minister.
“We need about $20bn over five years,” Ahmed Shide said of the sum needed to help conflict-hit areas, mainly in northern Ethiopia, recover from the fighting that ended with a peace accord signed in November.
Federal and regional budgets would be deployed to achieve this, but support from the likes of the World Bank — whose president, Ajay Banga, visited Ethiopia this month as part of his first trip to Africa — would also be needed, Ahmed told the Financial Times at his offices in the capital Addis Ababa.
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