Search

Ethiopia Secures 579 Million SDR in IDA Loans for Public and Financial Sector Reforms

DTCDPY Piazza, Addis Ababa, Ethiopia. © Thomas Cockrem / Alamy Stock Photo
  • Favourable financing terms include a 0.75% service charge and a 38-year repayment period.
  • Reforms aim to modernise public services and strengthen financial systems to drive sustainable growth.

Addis Ababa, Ethiopia - The Ethiopian Council of Ministers has approved financing agreements with the International Development Association (IDA), totalling 579 million Special Drawing Rights (SDRs), during its 41st regular meeting. The funds, divided into 53.3 million SDR for the Ethiopia Modern Public Service Improvement Project and 525.7 million . . .

Recent Business

The beach off Matemwe in Zanzibar, Tanzania. Photo by Crispin Jones @ Unsplash
Zanzibar sees 4.9% rise in tourist arrivals despite seasonal dip
Read More »
Morocco @ Pexels
Morocco inflation stays negative in February as weak demand persists
Read More »
Gold mine. Photo by Ricardo Gomez Angel @ Unsplash
Toubani Resources begins Mali gold project amid global demand
Read More »

Recent Politics

A soldier in the war front. Photo by Stijn Swinnen @ Unsplash
Kenya halts recruitment into Russia’s war. Who gains and who loses?
Read More »
Uganda president Yoweri Kaguta Museveni. Photo: Yoweri Kaguta Museveni/Facebook
Can Museveni’s leadership and a new funding model rescue East Africa from chronic cash crises?
Read More »
Nigeria young voters protest for reforms. Photo by Ayoola Salako @ Unsplash
Nigeria’s 2027 election raises political risk for investors
Read More »

Latest Posts

Latest news insights