The World bank has approved $1.2 billion in grants and loans to Ethiopia.

In a statement posted to its website on Tuesday, the bank said the $ 600 million grant and $ 600 million loan will finance reforms in the financial sector and improve investment climate.

It said it is providing new financial and technical support in response to reform pledges by Prime Minister, Abiy Ahmed.

The World Bank also said this support will help promote public-private partnerships to improve efficiency in teleco…
READ MORE : http://www.africanews.com/2018/10/31/ethiopia-nets-12-bn-loans-grants-from-world-bank

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africanews : Ethiopia nets $1.2 bn loans, grants from World Bank

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3 COMMENTS

  1. The continent of Africa is very rich in resources. There should be no need for constant loans and grants. The so called leadership should be extremely weary of this practice.

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