New Business Ethiopia

The Government of Ethiopia secured $500 million grant and loan from the World Bank. The World Bank’s Board of Executive Directors on Thursday approved the finance of which $250 million is grant, while $250 million is credit) from the International Development Association (IDA).

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.

In support of Ethiopia’s recently launched home-grown economic reform, the Government of Germany provides 352.5 million Euros.