The Word Bank Group (WBG), launching its "Ethiopia Diagnostic Report" on gender gap, found out that Ethiopia is forgoing an estimated USD 3.7 billion in economic cost, annually, in the form of agriculture and business earnings and employment wages.
Following it landmark decision to continue its long-severed budgetary support for the Government of Ethiopia (GoE) in tune of USD 1.2 billion, the World Bank Group (WBG) is very optimistic in what it called a “structural reform process” the administration of Prime Minister Abiy Ahmed (PhD) is embarking up on to the point where it is convinced that the intentions of the GoE with regards to some of the key service sectors like telecom and logistics is to implement a concrete liberalization and opening up measures.
The House of Peoples’ Representatives (HPR) on Friday referred a draft resolution which proposes the removal of a Federal High Court judge to the Law, Justice and Democracy Standing committee for consideration and possibly hold a formal hearing for the judge in question.
The Water Resources Development Fund (WRDF) has concluded the current Ethiopian fiscal year by availing more than 700 million birr loan to 16 rural towns in order to scale up the availability of running water in the country.
While on his private first visit to Ethiopia, a prominent US economist and professor at George Mason University told local reporters that he is optimistic about Ethiopia’s economy while signaling areas that challenge the country’s future.
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.
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.