Ethiopia Economic Opportunities Program

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The development objective of Economic Opportunities Program Program-for-Results Project is to provide economic opportunities for Ethiopians and refugees in an environmentally and socially sustainable way. Ethiopia is a landlocked country that has experienced impressive growth and gains in development in the past two decades. Despite accelerated progress, Ethiopia remains challenged by the need to create economic opportunities for its fast-growing population of over 100 million, including for an estimated 20 million Ethiopians living below the poverty line. A hybrid Program for Results (PforR) and Investment Project Financing (IPF) operation is chosen to address the mix of policy actions, investment activity, and technical assistance to achieve the desired outcomes of the Economic opportunities program. The Economic opportunities program will support a subset of the government’s jobs compact program. The activities supported by the PforR constitute the boundary of the program and have been selected based on the World Bank Group’s strengths and ongoing development operations.