BREAKING NEWS
This content is not available in your region

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

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)
Text size Aa Aa

ADDISABABA (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.

The prime also promised free elections in 2020 for the nation of 100 million people, where parliament now has no opposition lawmakers.

(Reporting by Aaron Maasho; Writing by Maggie Fick; Editing by Edmund Blair)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.