The World Bank and the Government of Ethiopia inked this morning a $512.5 million loan and grant agreement, which aims to enhance productive safety net program of the later.
The Government of Ethiopia is preparing a recovery package that will help businesses vandalized by mobs came out to streets in many towns of Oromia region after the assassination of famous Oromo singer Hachalu Hundessa a few months ago.
The National Bank of Ethiopia said it has distributed over 96 billion Birr (about $2.6 billion) valued new currencies notes since the country began replacing the old currency with the new ones.
The Ministry of Finance of Ethiopia said it has suspended the partial privatization of the fully state owned Africa’s most profitable aviation group – Ethiopian Airlines.
The Government of Ethiopia has obtained close to 142.3 billion birr (about $3.95 billion) external financing for its different projects and programs during the budget year concluded July 7, 2020, the Ministry of Finance said.
NEWS – The Ministry of Finance of Ethiopia today presented a draft national budget of 476 billion birr (about $13.9 billion) for the next budget year of Ethiopia which begins July 8, 2020.
The Government of Ethiopia has provided 3.3 billion birr (about $98 million at current exchange rate) stimulus money to the hospitality industry to help the businesses engaged in hotel and tourism navigate through COVID-19 hardship.
Supporting Ethiopia’s home–grown economic reform, the International Monetary Fund (IMF) has agreed with Ethiopian government at technical level to provide the latter 700% more than its quota.
