Ethiopia signs $907 mn financing pact with World Bank ...Egypt

Ethiopia’s finance ministry signed a $907 million financing agreement with the World Bank on Friday geared towards improving access to financing, the fight against COVID-19 and electricity investment, it said. Some $700 million was a loan and $207 million a grant, the ministry said in a statement. The ministry said that $200 million will go towards small and medium businesses affected by the pandemic with the aim of easing their financing challenges. Another $207 million will be for the deployment of COVID-19 vaccines and the remaining $500 million will be invested in efforts to increase access to electricity in the Horn of Africa nation. Like other countries around the world, Ethiopia’s ec

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Last updated : 23 April 2021 clock 02:45 PM

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Ethiopia signs $907 mn financing pact with World Bank ...Egypt

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