Another Win on the Cards for Ethiopia

Ethiopia’s central bank is confident the country will receive a further $1 billion from the World Bank over the next fiscal year after the government of Prime Minister Abiy Ahmed announced a new, three-year economic program. The Washington-based lender in October last year approved $1.2 billion for the government’s agenda to liberalize one of the world’s fastest-growing economies and attract more foreign capital. In September, the government unveiled its latest plan, known as Homegrown Economic Reform.

SOURCE: BLOOMBERG

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