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The Development Bank of Ethiopia (DBE) is a specialized state-owned development financial institution, which is supervised by the Public Financial Enterprises Agency in Ethiopia. The Development Bank of Ethiopia was the first development finance institution in Ethiopia and as such it was designed to: "(a) assist in the development of industrial ...
He did his post-graduate dissertation on building a model for econometric measures of demand and supply of money in Ethiopia. Aby Ahmed appointed him as a chairperson of Commercial Bank of Ethiopia's Board of Management since February 2020 succeeding Fitsum Assefa, the commissioner of the National Planning & Development Commission. [3]
Since the formal establishment of the office of president in 1987, there have been 6 official presidents. The president is the head of state of Ethiopia. The current president is Taye Atske Selassie, elected on 7 October 2024 by members of the Federal Parliamentary Assembly. [1]
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He spent the years from 1967 to 1971 preparing Ethiopia's long-term development plan as well as the annual budget for the Ministry. He then transferred to the Ministry of Finance , and, from 1972 to 1974, worked in the Embassy of Ethiopia in Washington, D.C. as Counselor of Economics and Finance.
After the panel’s report was released in 2008, then-World Bank Group President Robert Zoellick called the bank’s actions “appalling.” Zoellick vowed that the institution would swiftly “strengthen oversight, improve procedures and help the families who had their buildings demolished.” “The bank cannot let this happen again,” he said.
President Ruto and Prime Minister Fumio Kushida agreed on the modalities of financing national development and signed a PPP framework between the two governments. [ 92 ] The governments also signed an agreement on Defence Cooperation, which makes Kenya the first African country to sign a defence pact with Japan.
The Ethiopian government used money from a World Bank-financed health and education initiative to brutally evict thousands of villagers , according to former government officials who helped carry out the forced removals. The World Bank, the planet's most influential development lender, has denied responsibility.