Search results
Results from the WOW.Com Content Network
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 has a mandate to support the work of the NBI, as lead development partner and as administrator of the multi-donor Nile Basin Trust Fund. [3] One of the partners is the "Nile Basin Discourse", which describes itself as "a civil society network of organisations seeking to achieve positive influence over the development of projects ...
Between 1950 and 1970, one source estimated that Ethiopia received almost US$600 million in aid, $211.9 million from the US, $100 million from the Soviet Union and $121 million from the World Bank. [2] Sweden trained the Imperial Bodyguard and India at one point contributed the majority of foreign-born schoolteachers in the Ethiopian ...
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.
The International Bank for Reconstruction and Development (IBRD) and International Monetary Fund (IMF) were established by delegates at the Bretton Woods Conference in 1944 and became operational in 1946. [10] According to a March 2012 Washington Post article, IBRD was the "original 'world bank'". [11]
The World Bank has regularly failed to live up to its own policies for protecting people harmed by projects it finances. The World Bank and its private-sector lending arm, the International Finance Corp., have financed governments and companies accused of human rights violations such as rape, murder and torture.
The World Bank Group is the globe's most prestigious development lender, bankrolling hundreds of government projects each year in pursuit of its high-minded mission: to combat the scourge of poverty by backing new transit systems, power plants, dams and other projects it believes will help boost the fortunes of poor people.
Dr. Debrework Zewdie (Amharic: ደብረወርቅ ዘውዴ), former director (September 1994–November 2014) of the World Bank Global AIDS Program and Deputy Executive Director and COO of the Global Fund, is an Ethiopian national who has led strategy, policy implementation, and management of development programs at country, regional, and global levels for international bodies such as the ...