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Departure from developmental state

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.

House Committee to reconsider removal of federal judge

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.

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.