Ethopia: Lawmakers approve World Bank’s $1.5B grant, concessional loan; Ministry to submit additional budget request

Addis Abeba – In its first emergency meeting of the third year, the House of Peoples Representatives (HoPR) approved the World Bank’s $1 billion grant and $500 million concessional credit from the International Development Association (IDA) extended to Ethiopia on Wednesday.

During the session, Minister of Finance Ahmed Shide announced that the ministry will soon submit a proposal to Parliament for an additional budget, which includes support and loans received by the Ethiopian government from international lending organizations….