Ethiopia: Ethiopia to Get U.S.$ 550 Million World Bank Loan

Photo: The Guardian opinion The World Bank’s Board of Executive Directors on Wednesday approved a total of USD 550 million for Ethiopa in a bid to improve the livelihoods of pastoralists and the nation’s ongoing power sector reforms. USD 350 million (USD 70 million grant USD 280 million credit) was secured from the International Development Association (IDA) will be used to improve the livelihoods and resilience of 2.5 million pastoralists and agro-pastoralists in low land areas, the bank said in a statement on Wednesday, according to APA news. The Low…

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