Ethiopia Signs $400 Million Agreement with the WB
Ethiopia signed three credit financing agreements with the World Bank providing 400 million US dollars in loans. The loan is
designated to finance the execution of the Electricity Network Reinforcement Project, Women Entrepreneurship Development Project, and Urban Water Supply and Sanitation.
The World Bank has been supporting a range of development programs as the country’s major development partner said Sufian Ahmed, Minister of Finance and Economic Development at the signing.
The agreements will support projects that provide comprehensive technical assistance and capacity building programs in Ethiopia according to Guang Z. Chen, Country Director of the World Bank in Ethiopia.

