The World Bank on Wednesday signed a $500 million infrastructure project with Democratic Republic of Congo to improve roads, mitigate flood risks, fight erosion and develop public spaces across the capital Kinshasa.
AfricaEthiopia signs $907 mln financing pact with World Bank
Reuters
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A man is silhouetted against the logo of the World Bank at the main venue for the International Monetary Fund (IMF) and World Bank annual meeting in Tokyo, file. REUTERS/Kim Kyung-Hoon
Ethiopia s finance ministry signed a $907 million financing agreement with the World Bank on Friday geared towards improving access to financing, the fight against COVID-19 and electricity investment, it said.
Some $700 million was a loan and $207 million a grant, the ministry said in a statement.
The ministry said that $200 million will go towards small and medium businesses affected by the pandemic with the aim of easing their financing challenges.