The development objective of the Flood Management Project for Ethiopia is to strengthen Ethiopia’s institutional capacity for disaster risk management (DRM), and flood risk management in selected basins. The project comprises of four components. The first component, strengthening institutional and coordination capacity for disaster risk management aims to improve the Government of Ethiopia (GoE) DRM by strengthening the institutional capacity of federal-level agencies (including priority sectors) and the coordination between federal and decentralized levels of the government. The second component, accelerating flood risk management aims to accelerate flood risk management by investing in physical infrastructure to reduce flood risks, strengthening hydromet services and impact-based flood early warning systems (FEWSs), increasing community-level preparedness and awareness, and providing technical assistance and capacity building to facilitate integrated flood risk management (IFRM). It consists of following sub-components: (i) basin-level flood risk reduction investments; (ii) hydromet services and impact-based flood early warning systems; (iii) community-level flood preparedness and awareness raising; and (iv) strategic studies for future investments and capacity building for urban flood risk management. The third component, contingent emergency response supports the implementation of the World Bank’s global crisis response framework (GCRF), pillar 3, strengthening resilience, as it provides the opportunity to reallocate funds to quickly respond in the event of an emergency or crisis. The fourth component, project management and implementation support aim to ensure the successful implementation of the activities carried out under the project. The project will fund integrated flood risk management activities, including the use of NBS such as wetland and retention ponds.