See also:
» 05.11.2013 - Ethiopia plans Africa's biggest dam
» 27.08.2009 - Ethiopia gets IMFs shocks facility funding
» 21.05.2008 - Ethiopia sees Africa's fastest growth
» 24.10.2007 - Ethiopia diapora lured
» 09.03.2007 - Ethiopia keeps booming
» 11.07.2006 - High population growth could slow development - govt
» 05.11.2004 - Ethiopia's investment climate lauded
» 15.09.2004 - Ethiopia's instable economy currently growing

China wholesale online through

Houlihan's coupons

Finn autentiske matoppskrifter fra hele verden på
Gazpacho Børek Kartoffelsalat Taboulé Gulasj Albóndigas Cevapi Rougaille Japrak sarma Zwiebelbrot Klopse Giouvetsi Paella Pljeskavica Pica pau Pulpo a la gallega Flammkuchen Langosj Tapenade Chatsjapuri Pasulj Lassi Kartoffelpuffer Tortilla Raznjici Knödel Lentejas Bœuf bourguignon Korianderchutney Brenneslesuppe Proia Sæbsi kavurma Sardinske calamares

Autentiske matoppskrifter fra hele verden finner du på
Réunion Portugal Aserbajdsjan Serbia Tyskland Seychellene Bosnia Spania Libanon Belgia India Kroatia Hellas Italia Ungarn Komorene Georgia Mauritius Østerrike Romania Frankrike

Economy - Development

World Bank pledges continued support

afrol News / IRIN, 13 July - The World Bank will continue supporting Ethiopia's development efforts, President Paul Wolfowitz said on Wednesday, expressing confidence that the country was recovering from the political upheaval that caused major donors to suspend direct budgetary support last year.

"I think there is more reason to feel confident that people are learning the right lessons from the experiences of last year," Wolfowitz told reporters at the end of a two-day visit to the country.

The World Bank and Britain in May decided to redirect about US$385 million in direct budgetary support to education and health programmes for Ethiopia. Key aid donors had in December 2005 suspended budgetary support to the Ethiopian government, a consequence of the violent suppression of opposition demonstrations organised in protest at the alleged rigging of parliamentary and local government elections in May 2005.

"During my stay here I have observed that the government is committed to conditionality, transparency and accountability on the use of grant and aid money. The Bank will continue to give its annual US $500 million support to Ethiopia," said Wolfowitz. "The private sector representatives I met here asked the Bank to give them more help and to speed up the involvement of the Bank's private sector arm," he added.

He said political stability was necessary for development and poverty alleviation.

"I am very aware that Ethiopia has been through a difficult year politically, attempting a transition to genuine multi-party democracy, a challenging condition. As a development institution, our focus has to be on development and poverty reduction, but we can't ignore the political matters," he said.

- Create an e-mail alert for Ethiopia news
- Create an e-mail alert for Economy - Development news

    Printable version

On the Afrol News front page now

Rwanda succeeds including citizens in formal financial sector

afrol News - It is called "financial inclusion", and it is a key government policy in Rwanda. The goal is that, by 2020, 90 percent of the population is to have and actively use bank accounts. And in only four years, financial inclusion has doubled in Rwanda.

Famine warning: "South Sudan is imploding"

afrol News - The UN's humanitarian agencies now warn about a devastating famine in Sudan and especially in South Sudan, where the situation is said to be "imploding". Relief officials are appealing to donors to urgently fund life-saving activities in the two countries.
Panic in West Africa after Ebola outbreak in Guinea

afrol News - Fear is spreading all over West Africa after the health ministry in Guinea confirmed the first Ebola outbreak in this part of Africa. According to official numbers, at least 86 are infected and 59 are dead as a result of this very contagious disease.
Ethiopia tightens its already strict anti-gay laws

afrol News - It is already a crime being homosexual in Ethiopia, but parliament is now making sure the anti-gay laws will be applied in practical life. No pardoning of gays will be allowed in future, but activist fear this only is a signal of further repression being prepared.
Ethiopia plans Africa's biggest dam

afrol News / Africa Renewal - Ethiopia's ambitious plan to build a US$ 4.2 billion dam in the Benishangul-Gumuz region, 40 km from its border with Sudan, is expected to provide 6,000 megawatts of electricity, enough for its population plus some excess it can sell to neighbouring countries.

front page | news | countries | archive | currencies | news alerts login | about afrol News | contact | advertise | español 

©  afrol News. Reproducing or buying afrol News' articles.

   You can contact us at