World Bank to Provide Ethiopia $1 Billion in Budgetary SupportAugust 25, 2018 - During his first news conference since he became Prime Minister of Ethiopia. Dr. Abiy Ahmed disclosed that the World Bank has agreed to provide Ethiopia $1 billion in budget support in the next few months. World Bank and other donor agencies suspended budgetary help following a vote in 2005 that was disputed by the opposition and accompanied by violence that killed 200 people, according to Reuters. The prime minister said the current budgetary support from World Bank is due to the reforms taking place in the country. Since becoming prime minister, Dr. Abiy Ahmed has secured about $3 Billion in aid package from UAE, which has helped close some gaps in the interim.

Source: Ethiopian News August 25, 2018 19:52 UTC