請更新您的瀏覽器

您使用的瀏覽器版本較舊,已不再受支援。建議您更新瀏覽器版本,以獲得最佳使用體驗。

Eng

Ethiopia, World Bank sign 70-mln-USD financing accord for governance modernization

XINHUA

發布於 10月02日09:01 • Liu Fangqiang,Habtamu,Michael Tewelde,Li Yahui
This photo taken on Feb. 18, 2024 shows the twilight scenery at the Friendship Square in Addis Ababa, Ethiopia. (Xinhua/Li Yahui)
This photo taken on Feb. 18, 2024 shows the twilight scenery at the Friendship Square in Addis Ababa, Ethiopia. (Xinhua/Li Yahui)

The Ethiopian government and the World Bank signed a 70-million-U.S.-dollar financing agreement Monday to support the East African country's development.

ADDIS ABABA, Oct. 2 (Xinhua) -- The Ethiopian government and the World Bank signed a 70-million-U.S.-dollar financing agreement Monday to support the East African country's development.

The agreement, in the form of a concessional loan, was signed by Ethiopian Minister of Finance Ahmed Shide and the World Bank's Country Director for Ethiopia Maryam Salim, the ministry said in a statement.

This photo taken on May 27, 2024 shows a market in Bati, Ethiopia. (Xinhua/Michael Tewelde)
This photo taken on May 27, 2024 shows a market in Bati, Ethiopia. (Xinhua/Michael Tewelde)

The funds will be used for the implementation of Ethiopia's governance modernization project, which aims to enable more efficient service delivery in the country. The project focuses on enhancing the government's capacity to mobilize and manage its financial and human resources, according to the ministry.

The project consists of three main components, seeking to improve capacity building of the public administration, boost domestic revenue mobilization, and advance public financial management.

In July, Ethiopia's House of Peoples' Representatives, the lower chamber of the Ethiopian Federal Parliamentary Assembly, approved financial agreements totaling 1.5 billion U.S. dollars with the World Bank's International Development Association, a fund for the world's least developed countries. The agreements include a 1-billion-U.S.-dollar grant and a 500-million-U.S.-dollar concessional loan to Ethiopia. ■

0 0
reaction icon 0
reaction icon 0
reaction icon 0
reaction icon 0
reaction icon 0
reaction icon 0

留言 0

沒有留言。