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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 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 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 ...
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 ...
While in that role, he worked closely with the World Bank, International Monetary Fund (IMF), USAID, and other organizations to boost the aid being given to Ethiopia. Afterwards, he returned to Addis Ababa to manage the Lending and Investment Management unit of the Ministry of Finance where from 1974 to 1975 he worked on foreign assistance as ...
Ethiopia. New Evidence Ties World Bank to Human Rights Abuses in Ethiopia. Peru. How The World Bank Is Financing Environmental Destruction. India. A Power Plant Backed By The World Bank Group Threatens A Way Of Life. Honduras. World Bank’s Business-Lending Arm Backed Palm Oil Producer Amid Deadly Land War. Kosovo
This was further supported and developed by the World Bank, FAO and UNDP. The Consultative Group on International Agricultural Research (CGIAR) was established on 19 May 1971, to coordinate international agricultural research efforts aimed at reducing poverty and achieving food security in developing countries. [16]
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 ...