NewsTime Africa The World Bank has provided a $13.5 million loan to Ethiopia to help the country reduce carbon emissions and increase its forest coverage. “Ethiopia is one of 35 countries supported by the World Bank for the implementation of the Climate Resilient Green Economy (CRGE) Strategy,” Yitebtu Moges, national coordinator of the Reducing Emission
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Bloomberg By William Davison Ethiopia’s birr is overvalued and the country would benefit from a devaluation to boost export revenue and accelerate economic growth, the World Bank said. Reducing the currency’s value by 10 percent in real terms may lead to a 5 percent increase in stalled export earnings and a 2 percent increase in
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ENA Addis Ababa, Ethiopia – The government of Ethiopia andWorld Bankyesterday signed financial agreement amounting to 203 million USD for the development ofgeothermal energy. Of the total amount 178.5 million USD is provided in the form of loan, while the balance (24.5 million USD) is donation. The assistance will enable Ethiopia develop its geothermal energy resources
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The African Report Manufacturing: Ethiopia receives World Bank loan to create jobs Ethiopia on Tuesday received a $250 million dollar loan from the World Bank to finance the implementation of a competitiveness and job creation project in the country. The agreement intends to support Ethiopia’s efforts of creating new jobs and increase competitiveness in the
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PRESS RELEASE WASHINGTON, March 21, 2014 – The World Bank’s Board of Executive Directors today approved a US$205 million International Development Association (IDA*) credit to help the Government of Ethiopia increase access to clean drinking water and improve sanitation services for…
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PRESS RELEASE WASHINGTON, March 21, 2014 – The World Bank’s Board of Executive Directors today approved a US$205 million International Development Association (IDA*) credit to help the Government of Ethiopia increase access to clean drinking water and improve sanitation services for…
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WORLD BANK ADDIS ABABA, January 24, 2013—The lush wheat land that stretches from the rural township of Kulumsa (Assela) deep into the southeastern part of the country comprises what is dubbed the Arsi/Bale wheat belt of Ethiopia. The sea of wheat…
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