Tag Archives: World Bank

Ethiopia: WB approves $1.2B in grants, loans to support financial reforms

ESAT News (October 31, 2018) The World Bank has approved $1.2 billion in grants and loans to Ethiopia to support financial sector reforms and investment. The executive board of the Bank announced yesterday that the $600 million grant and a $600 million loan would be used to improve trade, telecom, power and logistics. After taking office in April, Ethiopia’s Prime ...

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    Ethiopia: PM sees no reasons to postpone 2020 elections

    by Engidu Woldie ESAT News (August 27, 2018) Ethiopia’s reformist Prime Minister, Abiy Ahmed, who said he would only stay in power if he wins an election, reiterated his position that he doesn’t see any reason for postponing the 2020 elections. Abiy Ahmed, who met the press on Saturday for the first time since he took office, also noted that ...

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      Ethiopia appoints new National Bank governor and deputy, albeit controversial

      by Engidu Woldie ESAT News (June 19, 2018) Billions of dollars in debt, the Ethiopian government appointed a new governor and deputy governor for its National Bank. The decision by Abiy Ahmed, the Prime Minister, to fill the two positions with individuals with no direct experience with macroeconomic issues has already created mumbles in opposition among the banking and macroeconomic ...

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        Ethiopia: Road density, electricity concentrated in Tigray showing spatial inequalities in dev’t: World Bank study

        ESAT News (September 27, 2017) Overarching policy solutions are needed to address spatial inequalities in development in Ethiopia, according to a study conducted by World Bank experts. In a three-part study document on spatial distribution and its implications for inclusive development in Ethiopia over the next five years, World Bank experts backed up their findings with data on development inequalities ...

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