World Bank Provides $1 Billion Grant, $500 Million Concessional Credit for Ethiopia
The World Bank’s Board of Executive Directors approved today the Ethiopia First Sustainable and Inclusive Growth Development Policy Operation. This policy operation supports home-grown reforms that will ultimately help the country transition to a more inclusive economy that allows the private sector to contribute more strongly to growth. While strengthening the financial sector, expanding trade options, and improving fiscal transparency, this engagement will also boost protections for poor and vulnerable households during periods of economic change. It consists of a $1 billion grant and $500 million concessional credit from the International Development Association (IDA).
Photo courtesy of Edward Howell.
Source: Addis Standard (link opens in a new window)
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