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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 . . .

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