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World Bank approves $1 billion in financing for Ethiopia

Summary by WTVB
(Reuters) – The World Bank said on Tuesday its board had approved a $1 billion credit for Ethiopia, as the Horn of Africa country tries to push ahead with a long-running debt restructuring. Africa’s second-most populous country after Nigeria secured a four-year, $3.4 billion programme from the International Monetary Fund on Monday, hours after the country’s central bank floated its birr currency, paving the way for its debt overhaul to move …

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World Bank and IMF approve financing packages for Ethiopia

World Bank board approves $1.5bn development assistance a day after Ethiopia secured multibillion- dollar programme from the IMF

·Johannesburg, South Africa
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Hindustan TimesHindustan Times
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World Bank approves $1 billion in financing for Ethiopia

ETHIOPIA-DEBT/WORLDBANK (UPDATE 1):UPDATE 1-World Bank approves $1 billion in financing for Ethiopia

·New Delhi, India
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Blue Water Healthy Living broke the news in Port Huron, United States on Tuesday, July 30, 2024.
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