Ethiopia - Institutional Support Project to Strengthen Macroeconomic Management (ISP-SMM)

The proposed operation is a technical and institutional support project, financed through grant of UA 3,189,299 from canceled balances to the Federal Democratic Republic of Ethiopia. The project has been designed to complement prior assistance provided through the just ended Institutional Support for Private Public Partnerships (ISP-PPPs) project as well as prior technical assistance for reforms in developing the capital markets and assistance to Ministry of Development Planning (MDP) in monitoring and evaluation. Through the Institutional Support Project to Strengthen Macroeconomic Management (ISP-SMM), the Bank will, thus, play a major role in facilitating implementation of the project by focusing on the development of a policy, legal, regulatory and institutional framework for PPPs and the rollout of a Public Investment Program (PIP) as well as capacity building and project management support. The project consists of three components: (i) Strengthening capacity for policy analysis and economic management, (ii) Strengthening long-term financing through capital markets, Public Investment Management (PIM) and PPP capacity, and (iii) project management. It is scheduled for implementation over a 41-month period, from August 2022 to December 2025.