The alliance of emerging economies hopes to offer a counterweight to the United States and other Western powers. But military ...

BRICS plans a guarantee fund to reduce political and financial risks in developing countries. • The fund will be managed by the New Development Bank (NDB) and unveiled at the July 2025 Rio summit. • ...

Ethiopia said on Friday that it had signed a $1 billion financing agreement with the World Bank to support its economic ...

Ethiopia said on Friday that it had signed a $1 billion financing agreement with the World Bank to support its economic ...

Ethiopia’s prime minister says the Grand Ethiopian Renaissance Dam on the Nile has been completed. Egypt has long opposed the dam, calling it an existential threat to its water supply.

Ethiopia's Prime Minister Abiy Ahmed on Thursday said a multi-billion-dollar mega-dam on the Blue Nile that has long worried ...

In a region strained by forced displacement, poverty, and limited access to economic opportunities, an innovative initiative is leveraging the synergy between training, entrepreneurship, and support ...

A World Bank study in Ethiopia found that involving husbands in women’s entrepreneurship training significantly boosted ...

Addis Ababa February 27, 2025 (ENA) --- Ministry of Finance and World Bank signed a grant agreement amounting a 60 million USD to support the implementation of Innovative Systems to Promote ...

Currently, the World Bank supports over 45 development projects across Ethiopia, with a total budget of 15.57 billion USD, covering a wide range of sectors.

WASHINGTON: – Ethiopia’s financial system is set to receive a transformative boost following the World Bank’s approval of a $700 million credit for the Financial Sector Strengthening Project (FSSP).

Some World Bank staff have criticised an assessment of Ethiopia's finances conducted with the International Monetary Fund, questioning whether the analysis that underpins the country's debt ...