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The relationship between Ethiopia and the World Bank was formalized on December 27, 1945. [1] Ethiopia's first projects approved by the World Bank supported the building of infrastructure such as roads and highways during the 1950s. Ethiopia first sought a loan for "Highway Project (01)", which was approved on September 13, 1950.
The World Bank hosts the Open Knowledge Repository as an official open access repository for its research outputs and knowledge products. [66] The World Bank's repository is listed in the Registry of Research Data Repositories re3data.org. [67] The World Bank also endorses the Principles for Digital Development. [68]
The National Bank of Ethiopia (NBE) in 2008. On 29 July 2024, the National Bank of Ethiopia (NBE) relaxed restrictions on the value of the Ethiopian birr to secure a loan of $10.7 billion from the International Monetary Fund (IMF) and World Bank. [1]
The World Bank has long made Ethiopia a top priority, funneling loans to its government to help the East African nation of some 90 million people move past its legacy of poverty and famine. In 2005, the bank cut off funding for Ethiopia after the country’s authoritarian leaders massacred scores of people and arrested some 20,000 political ...
He presented a research paper on 'the creation of child friendly courts in Ethiopia' on the UN Conference on the Convention of the Rights of the Child held in Geneva November 2009. [ 23 ] At Harvard Law School Justice Solomon Waktolla, as a required written work, authored legal policy research on Land governance regime of Ethiopia . [ 24 ]
The World Bank also supports development of food security in Ethiopia. In 2010 World Bank approved a plan to devote $150 million to the Ethiopian government ($108.4 million of which as credit and $41.6 million as a grant) "to support increased agricultural productivity, enhanced market access for key crop and livestock products, and improved ...
In 2001 Ethiopia qualified for the World Bank-International Monetary Fund-sponsored Highly Indebted Poor Countries (HIPC) debt reduction program, which is designed to reduce or eliminate repayment of bilateral loans from wealthy countries and international lenders such as the World Bank. In Ethiopia's case, the program aims to help stabilize ...
On 3 November 2021, the report of the joint investigation undertaken by the UN High Commissioner for Human Rights and the Ethiopian Human Rights Commission indicated that serious human rights violations had continued to be committed by all parties in a number of regions of Ethiopia since the end of the period under investigation, i.e. after the unilateral ceasefire declared by the Ethipian ...