World Bank to give Ethiopia $1 bln in budget help - prime minister

FILE PHOTO: Ethiopia's newly elected Prime Minister Abiy Ahmed addresses the members of parliament inside the House of Peoples' Representatives in Addis Ababa, Ethiopia April 19, 2018. REUTERS/Tiksa Negeri/File Photo - Copyright Tiksa Negeri(Reuters)

By Reuters

Published on 25/08/2018 - 19:32•Updated 23/04/2024 - 12:17

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ADDIS ABABA (Reuters) - The World Bank will provide $1 billion in direct budget support to Ethiopia in the next few months, the prime minister said on Saturday, after the bank and other donors suspended budgetary help after a disputed and violent election in 2005.

"This is due to the reforms taking place in the country," Abiy Ahmed, who has announced a series of economic and political changes since taking office in April, told a news conference in which he announced the World Bank decision.