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Global Peace Bank Holds General Assembly

Global Peace Bank Holds General Assembly
March 29, 2025
Hawassa, Ethiopia
The Global Peace Bank convened its general assembly on March 29, 2025 (Megabit 20, 2017 E.C.), where the operational report and audit findings for the 2024-25 fiscal year were presented. After reviewing the reports and audit, the assembly discussed various proposals and passed resolutions. The bank’s founder and manager, Mr. Argaw Ayale, presented a detailed account of the year’s activities to the assembly members, outlining the processes from the organization’s objectives to its planning and execution stages.
The report covered the bank’s short- and long-term plans, including a visit to the Tigray region to assess communities displaced and affected by the war. It also highlighted discussions held with participants of the visit, as well as engagements with the government and Mekelle University. Additionally, consultations and agreements with the interim administration, along with details of aid provided, were included in the presentation. According to the report, a press conference addressing peace initiatives was held during the Tigray visit, involving both government and private media outlets. Mr. Argaw noted that bank members conducted public opinion observations during the visit, stating, “We gained an understanding of the local situation and the community’s condition, returning with insights on what needs to be done from the bank’s perspective. Moving forward, the bank will continue its efforts.”

In the reporting year, the bank restructured its organization, establishing five main operational departments. The report also elaborated on an agreement reached with the lower Omo community and the ongoing construction of a “Peace and Reconciliation Center,” providing updates on its current progress. Financially, the assembly was informed that 497,012.50 birr had been collected, with 494,700.00 birr utilized for operations.
The report addressed challenges faced by the bank and the measures taken to resolve them, including issues related to budget, time, human resources, and materials, which were tackled through various actions. The assembly emphasized sustaining positive experiences and practices while addressing gaps to enhance future performance, urging participants to align plans and actions for better outcomes.
A detailed budget audit was presented by Mr. Frew Lema, with the bank’s executive team providing clarifications to questions, suggestions, and comments raised. The assembly engaged in an in-depth discussion of the operational and audit reports, ultimately approving them unanimously with one abstention. The half-day meeting concluded successfully.

2025-03-29