International Development Association

World Bank approves $1.5 billion funding for Ethiopia

The World Bank pledged $16.6 billion of funding to Ethiopia over three years, providing a fillip to eastern Africa’s biggest economy as it restructures its debt and opens up the nation to foreign investors. Bloomberg Africa reports that the International Development Association’s assistance includes a $1 billion grant and a $500 million concessional loan to help the Horn of Africa nation strengthen its financial sector and improve fiscal transparency. According […]

July 31, 2024 13

Africa

African leaders in Djibouti for World Bank summit

Several African leaders are gathering in Kenya's capital, Nairobi, for the World Bank's International Development Association summit. The two-day summit, according to the BBC, aims to address development challenges on the continent and work towards creating prosperous, inclusive, and sustainable economies. The IDA is the part of the World Bank that helps the world’s 75 poorest countries, 39 of which are in Africa.

April 29, 2024 13

Oshiwambo

Aaleli ya Africa oyeli momutumba mo Kenya go World Bank

Aaleli ya Africa ya yooloka oyeli mo Nairobi sha Kenya komutumba go World Bank International Development Association. Omutumba guule womasiku gaali shiikwatelela ko BBC otagu lalakanene okutala komashongo gehumokomeho menenevi,nokutala nkene tapa etwa omaliko geshi okwiinekelwa,notaga kwatelemo. o International Development Association oyili oshitopolwa sho World Bank, nohayi kwathele iiongo ya hepa muuyuni yili 75,moka 39 yili ya Africa.

April 29, 2024 23