The House of People’s Representatives has approved a series of critical agreements aimed at accelerating Ethiopia’s development across key sectors, during its 29th regular session of the 6th Parliament’s 4th year.

The House ratified two major loan agreements, endorsed the establishment of a pan-African finance institution, and approved a new air transport accord with a European partner. The proclamations were presented by Assistant Minister of State for Finance, Meseret Haile, who requested that they be moved directly to second reading. Following strong support from parliamentarians, the House deliberated on the proclamations in detail and granted approval.

Among the approvals was a budget support loan agreement with the Government of Italy, aimed at enhancing Ethiopia’s environmental sustainability and green economy goals. Another agreement, signed with the International Development Association, will support the country’s Education Sector Transformation Program, a key pillar in human capital development.

The House also ratified the agreement establishing the African Finance Corporation, with only three abstentions. Concluding the session, lawmakers unanimously endorsed a bilateral air transport agreement with the Federal Government of Austria, a move expected to bolster air connectivity and aviation cooperation.