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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.
Mamo Esmelealem Mihretu (Amharic: ማሞ እስመላለም ምህረቱ) is an Ethiopian economist, lawyer, and policymaker who currently serves as the Governor of the National Bank of Ethiopia (NBE). He has been a key figure in Ethiopia’s economic reform agenda, particularly in monetary policy modernization, financial sector liberalization ...
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 ...
International Development Law Organization (IDLO), headquartered in Rome; International Monetary Fund (IMF) Islamic Development Bank (IDB) Netherlands Development Finance Company (FMO) Nordic Development Fund (NDF) Nordic Investment Bank (NIB) New Development Bank (NDB) Organization for Economic and Co-operation Development (OECD)
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 ...
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 ...
Street in Addis Abeba, the Ethiopian capital, where the World Bank, China and other external donors assist in financing water supply and sanitation. In May 2012 the World Bank provided approved a US$150 million soft loan for an urban water and sanitation project as additional financing to a US$100 million soft loan approved in 2007. [38]