Tag: World Bank

The Water Resources Development Fund (WRDF) signed a financing of 400 million birr potable water project development with six new micro-towns targeted to reach some 81,000 beneficiaries.

Signing a USD 470 million financing deal on Thursday with Abraham Tekeste, minister of finance and economic cooperation, Carolyn Turk, WB country director for Ethiopia, Sudan and South Sudan, said that the financing commitment the bank entered with Ethiopia is growing fast and, in line with that, the bank has decided to extend USD 1.8 billion for a period of six months in the current fiscal year.

Fast-tracking its projects in Ethiopia, the World Bank Group (WBG), has decided to commit USD 1.8 billion for the period of six months in the current fiscal year, the biggest ever financial commitment in the bank's history in such short period of time.

Says devaluation produced insignificant upswing in prices Aligning its development intervention with that of the Government of Ethiopia, the World Bank Group (WBG) has unveiled a USD 4.7 billion financing for Ethiopia’s economic development programs for the coming four years, on Thursday.

Amid declining Ease of Doing Business (DB) indices, an instrument used by the World Bank Group to rank 190 countries across the world, the Ethiopian Investment Commission (EIC) has been tasked to oversee reform initiatives to improve business and investment climate in the country.