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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 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 Open Knowledge Repository is the official open-access repository of the World Bank and features research content about development. [1] It was launched in 2012, [1] alongside the World Bank's Open Access Policy and its adoption of the Creative Commons Attribution (CC BY) license for all research and knowledge products that it publishes, which collectively made the World Bank the first ...
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 ...
This is a list of government-owned companies of Ethiopia. A Government-owned corporation is a legal entity that undertakes commercial activities on behalf of an owner government . There is no standard definition of a government-owned corporation (GOC) or state-owned enterprise (SOE), although the two terms can be used interchangeably.
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 ...
There are several sectors in Ethiopia where businesses are particularly vulnerable to corruption.Land distribution and administration is a sector where corruption is institutionalized, and facilitation payments as well as bribes are often demanded from businesses when they deal with land-related issues.
Ethiopia has one of the fastest-growing economies in the world and is Africa's second most populous country. [29] Many properties owned by the government during the previous regime have now been privatized or are in the process of privatization and the liberalization of its financial sector in the near future. [ 30 ]