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MPs approve USD 700 mln loan agreements

In its third regular session, the House of People’s Representatives (HPR) has approved financial agreements worth some USD 700 million, the Ethiopian government had signed with various countries and multilateral organizations.

WB approves USD 600 mln for drought response scheme

The World Bank (WB) last week approved a USD 600 million International Development Association (IDA) grant to support the government of Ethiopia’s vision of building a national safety net system to provide effective support in chronically food insecure rural areas.