Faltering economic growth is coinciding with ample oil supply in ways that are expected to drop global commodity prices to…
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AU urged to advance global financial architecture reform agenda
BY ANDUALEM SISAY GESSESSE – African leaders and the African Union Commission (AUC) are urged to advance justice and reparations…
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World Bank announces $100 billion for IDA21 replenishment
The World Bank Group today unveiled a record $100 billion financing package for the 21st replenishment cycle of the International…
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Following forex liberalization Ethiopia set to access IMF’s $345 million
BY YANET FANTAYE WOGAYEHU – As part of the recent four-year US$ 3.4 billion Extended Credit Facility (ECF) arrangement reached…
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African ministers discuss comprehensive reform proposals
African Ministers of Finance, Planning and Economic Development have called for key reforms of the Bretton Woods Institutions at the…
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Ajay vows to make World Bank “better bank”
By Andualem Sisay Gessesse (Marrakech, Morocco) – The newly appointed World bank President Ajay Banga expresses his plant to make…
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Mauritania’s quest for green hydrogen financing
The Mauritanian government has placed green hydrogen as a strategic development opportunity under efforts to position the country as a…
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New World Bank president set to visit Ethiopia
The new World Bank president Ajay Banga is set to visit Ethiopia this week starting July 31, 2023.
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World Bank grants $745 million to Ethiopia
The World Bank Group on Tuesday approved a grant of $745 million to the Government of Ethiopia. In recent years,…
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World Bank urges Camerron to strengthen private sector
A new report by the World Bank highlighted the contribution of a strong private sector for the economic growth of…
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World Bank approves new fund for pandemic prevention
The devastating human, economic, and social cost of COVID-19 has highlighted the urgent need for coordinated action to build stronger…
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World Bank approves $300 million grant to Ethiopia
To help Ethiopia address these challenges, the World Bank has approved a $300 million International Development Association (IDA) grant for…
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