The World Bank and Addis Ababa University (AAU) signed assistance agreement amounting to five million birr on Monday, 2 December, 2013, Ethiopian News Agency reported.
AAU President Dr Admasu Tsegaye and World Bank Ethiopia Country Director Guang Chen signed the agreement.
The World Bank’s Executive Board today approved a new $150 million project to increase the efficiency of trade logistics in Ethiopia. The project will focus on improving the Modjo Dry Port, a key transportation hub that handles 95% of Ethiopia’s trade, but which is a major bottleneck on the vital Ethio-Djibouti trade corridor.
The World Bank’s Board of Executive Directors approved an International Development Association (IDA) credit of $50 million for the National Quality Infrastructure (NQI) Development Project aimed at improving the competitiveness of Ethiopian industries. It will support the Government of Ethiopia’s (GoE) efforts to develop the country’s standardization practice, metrology, accreditation, and conformity assessment services—inspection, testing, and certification.
The World Bank’s Board of Executive Directors approved US$ 320 million to finance a new type of asphalt road in Ethiopia, according to Capital.
The World Bank inked 33 million USD loan with Ethiopia.
The loan agreement was signed by Ahmed Shide, State Minister of Finance and Economic Cooperation, on Ethiopia’s part and Carolyn Turk, World Bank Country Director for Ethiopia, Sudan and South Sudan, on the bank’s behalf.
