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WB calls on gov’t to give attention to service sector

The World Bank Group (WBG) urged the Government of Ethiopia to give proper attention to the service sector of the country, especially to the distribution services, in its sixth Ethiopian Economic Update launched on Wednesday May 18, 2018, at the Hilton Addis Ababa.

WBG commits billions this fiscal year

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.

World Bank commits USD 4.7 bln to Ethiopia

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.

Ethiopia to reform, improve Doing Business low ranking

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.

Ethiopia slides in Doing Business report

Ethiopia is currently in worse shape compared to the previous year, according to this year’s World Bank Doing Business Report— sliding from 159 to 161 in overall ranking, out of a total of 190 economies.