FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Fortune Logo

Mar 21 , 2020

The Board of Executive Directors of the World Bank approved half a billion dollars of financing to support the Homegrown Economic Reform Plan, which the government rolled out recently.

Half of the support will be provided as a base, while the remaining is given as a grant.


The reform plan, which will be implemented in the next three years, aims at rebalancing macroeconomic fundamentals and sustaining growth.

The fund is approved under the Bank's second phase of the Competitiveness Development Policy Operation (DPO) that provides both financial and technical support to Ethiopia’s economic reforms.



The Operation is designed to help Ethiopia revitalise its economy by broadening the role of the private sector and attaining a more sustainable development path.

The second DPO focuses on three pillars: maximising finance for development, improving the investment climate and developing the financial sector, and promoting transparency and accountability.



PUBLISHED ON Mar 21,2020 [ VOL 20 , NO 1038]

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.



Related Posts

[ssba-buttons]

Put your comments here

N.B: A submit button will appear once you fill out all the required fields.

Editors' Pick

Exclusive Interviews

State Enterprises from Oracles to Apprentices

Dec 22 , 2024 . By TIZITA SHEWAFERAW

Charged with transforming colossal state-owned enterprises into modern and competitiv...

Agenda

Rising Costs, Inflation Threaten Insurance Industry

Aug 18 , 2024 . By AKSAH ITALO

Although predictable Yonas Zerihun's job in the ride-hailing service is not immune to...

Agenda

BREWING DISCONTENT

Jul 28 , 2024 . By TIZITA SHEWAFERAW

Unhabitual, perhaps too many, Samuel Gebreyohannes, 38, used to occasionally enjoy a couple of beers at breakfast. However, he recently swit...

Fortune News

Electric Vehicle Push Leaves Investors in the Lurch

Jul 13 , 2024 . By AKSAH ITALO

Investors who rely on tractors, trucks, and field vehicles for commuting, transporting commodities, and f...

Commentaries

Climate-Driven Hunger Fuels the Next Migration Crisis

In the first half of this year, nearly 20,000 people crossed the English Channel to t...

The Scramble for Critical Minerals

The world's superpowers have developed a seemingly insatiable appetite for the critical minerals that are...

Fineline

Leaders of the National . . .

Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the me...

When the country’s most. . .

When the country's most senior diplomats and envoys return back to their posts after two-week debriefings, they leave behind a point or two...

Editorial

Teaching Hospitals Shoulder the Burden While Administrators Count the Beans

Jul 26 , 2025

Teaching hospitals everywhere juggle three jobs at once: teaching, curing, and discov...

In Taxing Aggressively, Fed's Fiscal Reckoning Arrives

Jul 19 , 2025

Parliament is no stranger to frantic bursts of productivity. Even so, the vote last w...

Legal, Policy Volatility Turns Promises into Headwinds

Jul 12 , 2025

Political leaders and their policy advisors often promise great leaps forward, yet th...

Civil Society Feels the Squeeze as Reform Era Unravels

Jul 5 , 2025

Six years ago, Ethiopia was the darling of international liberal commentators. A year...

Gallery

Parliament Approves New Cabinet Members

Oct 6 , 2021

Parliament Approves New Cabinet, Incorporates Opposition Leaders Lawmakers have approved today the nominations of 22 ministers, including three opposition leaders. Two MPs have voted against, while 12 abstained...

2020 in Posterity

Jan 5 , 2021

TIGRAY VOTES DESPITE "NULL & VOID" THREAT

Sep 9 , 2020

IN-PICTURE: LAUREATE'S RECEPTION  

Dec 14 , 2019

PM Abiy Ahmed (PhD) at a Gala Dinner Called for the Awarding of the Félix Houphouët-Boigny Peace Prize

May 6 , 2019

Faces, Voices of Addis Abeba

Apr 26 , 2019

Sunday With Eden

Rogue Accountants Bleeding Businesses

In recent months, a troubling pattern has emerged across Ethiopian businesses: a wave...

The Invisible Bias Against Caring Fathers

Last week, I was in the hospital, sick and out of commission. While I focused on reco...

Life Matters

The Law, the Guards, and the Doghouse

A recent incident in my residential compound reinforced a growing sense of unease: ou...

The Manual-Less Revolution

Across the world, and certainly in Ethiopia, new devices arrive fresh from the box while their instruction manuals remain untouched. Shiny a...