New Business Ethiopia

The World Bank today inked an agreement with the Ministry of Finance of Ethiopia to provide $400 million for the east African country for it urban programs.

The World Bank has signed an agreement this week with the Government of Ethiopia to grant the Eastern African country $80 million.

The World Bank Group’s Board of Executive Directors today approved a $80 million grant from the International Development Association to support the government Ethiopia to boost agricultural productivity and enhance market access for smallholder farmers.

The World Bank provides $82 million assistance to the Government of Ethiopia for the fight against the spread of coronavirus (COVID-19) pandemic.

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).

BY MEKONNEN TESHOME TOLLERA – About a year ago a report by the African development bank rated Ethiopia among the worst country in Africa in access to sanitation even worse than its neighboring South Sudan which has been in civil war for the past several years.

The governments of Ethiopia and Egypt have failed to reach an agreement on the use of the Nile River and the filling of Ethiopia’s Great Renaissance Dam (GERD) under construction.

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.