World Bank Observes Ethiopia's Economic SWAT Amidst Debt Servicing

Aug 5 , 2023


World Bank President Ajay Banga visited Bole Lemi Industrial Park to observe the opportunities and challenges Ethiopia faces in the economic sector while focusing on local and value-added manufacturing. He met with officials including Prime Minister Abiy Ahmed (PhD) during his two-day visit. The tour with a particular focus on job opportunities for youth and women was highlighted by a visit to the malt and textile factories. Ajay admired the advances made in agriculture and industrial parks considering the natural and political challenges Ethiopia has been through in the past three years although "the challenges of debt servicing are still apparent." "We are not here to negotiate anything," he said.


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