Ethiopia has entered a $1.3 billion deal with the World Bank to improve governance and fund pro-poor policies in regions worst hit by a drought and food shortages. The global lender on Friday (September 29) announced that it had signed the loan and grant agreement. The current positive investor sentiment towards Ethiopia could be enhanced by reforms to improve the business climate. The IMF team headed by Julio Escolano visited Addis Ababa between September 13 to 26 this year. “The current positive investor sentiment towards Ethiopia could be enhanced by reforms to improve the business climate.

Source: Ethiopian News September 30, 2017 09:49 UTC