Ethiopia has secured $1 billion in fresh funding from the World Bank to support its ongoing economic reforms and development efforts.
The financing agreement, signed by Finance Minister Ahmed Shide and World Bank Country Director Maryam Salim, includes both a grant and a concessional loan.
The funds will be used to support Ethiopia’s efforts to stabilize its financial sector, enhance trade competitiveness, strengthen domestic resource mobilization, promote transparent and effective public sector governance, and ensure the sustainability of social services.
This agreement reflects the World Bank’s continued commitment to supporting Ethiopia’s reform agenda and reaffirms the strong collaboration between the two parties.
