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Ethiopia - World Bank approved $256 mln in grants and credit

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12/21/07

  08:32:05 am, by admin, 120 words  
Categories: Business, Ethiopia

Ethiopia - World Bank approved $256 mln in grants and credit

File Photo: World Bank HQ in Washington D.C.

World Bank $256 mln for Ethiopia health, power line

ADDIS ABABA (Reuters) -
The World Bank said on Friday it had approved $256 million in grants and credit to help Ethiopia boost basic services like health and education, and aid power transmission to Sudan.

"Of the total, $215 million is International Development Association (IDA) grant to Ethiopia to continue promoting basic services," the bank said in a statement from its office in Addis Ababa.

"The remaining $41.05 million is credit to Ethiopia to help finance its portion of a new transmission line connecting Ethiopia to Sudan's power grid," it added.

"The project will enable Sudan to replace domestic thermal generation with surplus hydropower surplus from Ethiopia."

27 comments

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Comment from: Yeha [Visitor]
Yeha

Yes this is another very exciting news for the day in Ethiopia. I wonder what the hungry shabia would say about this amazing development while they starving to death the entire Eritrean papulation.

Thanks to world bank. Where is the demonistrator at this time? I think they relazed that EPRDF is hard rock to touch. Indeed Ethiopia for ever. Yeha

12/21/07 @ 08:54
Comment from: woldeyesus [Visitor]
woldeyesus

No question that global situation is helping willing 3rd world administrations to promote development for their own people. But, I believe this current Ethiopian administration should be applauded for trying to take every opportunity they get to launch Ethiopia foreward. I am sure when this temporary distrust among the parties and people is gone, the EPRDF’s positive mark on the country will be shining for a long time.

I wish you all Ethiopians, at home and in the diaspora, a Merry Christmas!

12/21/07 @ 09:03
Comment from: gergud [Member]  
gergud

Oh my God this is going to make CUD/shaebya
sick i bit they are going to light candle
at the white house to night & tell Bush
80 million woyane shouldn’t get that
money.
because that 80 million woyane didn’t
want CUD & threat to shaebya:>
once again go meles.

12/21/07 @ 09:37
Comment from: Amsterdamer [Visitor]
Amsterdamer

What World Bank is doing for our country is a la Marshal plan of USA to Europe shortly after second World War. They used the help wisely and developed their distracted country.
That is exactly what we are doing now. With a good Ethiopian government indeed. Thank you WB for your confidence to our country.

12/21/07 @ 10:29
Comment from: Amsterdamer [Visitor]
Amsterdamer

Brother Yeha…

How is it going mate?

12/21/07 @ 10:31
Comment from: felagot [Visitor]
felagot

What excellent news. I hope every pennies will go towards health and education. The Ethiopia health system needs to enhance. I had a chance to visit some of the hospital they don’t even have hot water it was very depressing to witness that

12/21/07 @ 11:05
Comment from: mira [Visitor]
mira

i hope this money will go to the point of health and education not buying weapon for war. take care wayane about it.
it is good news for the poor people of ethiopia

12/21/07 @ 11:30
Comment from: GRAVITY [Visitor]
GRAVITY

Pouring money to the nation without effective oversight of the spending … is not different from not giving. WB has never been effective in tracking the spend and ensuring that the money is spent effectively to the intended purpose. The ineffectiveness of the use of funds is not uniquely the character of the Ethiopian leadership – many developing nations are notorious on their irresponsible, wasteful and ineffictive use of money – largely because of corruption and lack of capacity (skilled personnel, infrastructure and functional legal system). But, it is better getting the $$$ than not getting it.

12/21/07 @ 12:00
Comment from: debebe [Visitor]
debebe

It is a good development in terms of hadro electric electrification in Ethiopia. But I don’t understand why borrowing $41 million to connect it to Sudan while it is obvious that the Chinese are building two huge Dams in Sudan. What if Sudan says oh thank you we have our own. I think it is better to spend the money to electrifay Ethiopia first.

12/21/07 @ 12:04
Comment from: One [Visitor]
One

Yeha, This is about Ethiopia not Eritrea. Maybe it’s true that all Woyane supporters are willing to break free from Ethiopia.

Well i hope that the money will benefit the people of Ethiopia and not the Bandas pockets!

12/21/07 @ 12:15
Comment from: Mohamed Geragne [Visitor]
Mohamed Geragne

re: Comment from: GRAVITY

You should research before commenting. This is the only gov’t that genuinely spread development to all regions of Ethiopia. They have done by far a great deal in the past 17years than Mengistu and Haileselassie combined together. I am not saying that Eth is immune to corruption but the World Bank expressed great satisfaction with Ghana and Ethiopia in Africa with respect to their financial management in 2001.

12/21/07 @ 12:32
Comment from: trust nobody [Visitor]
trust nobody

Yeah I’m applaus for u for for making
good comment and for telling the truth,
unlike Erilove,phill and so others.
When are We Eritrean wiil speak out
finnaly We should blem our parents for
raised blind folled and brain wsahsed
us. I don’t know to my peolpe but I’m going
SOUTH KOREA (ETHIOPIA) to find better life,leaving behind N-KOREA ( Eri) to
leav peicfuly. HAPPY HOLIDAY TO ALL

12/21/07 @ 12:40
Comment from: Shagray [Visitor]
Shagray

That is great to hear. But the dosage of good news these days is becoming too much for some of us. I am afraid some may get a heart attack. I hope Nazret.com will not be held responsible for the heart attacks the continuous flow of good news could cause.

12/21/07 @ 12:46
Comment from: tamene [Visitor]
tamene

nazretoch thank u i want to hear such news rather than haet poletics

12/21/07 @ 13:19
Comment from: i am proude to be ethiopian [Visitor]
i am proude to be ethiopian

:D :D Waw amazing, hey CUD do u know this money from where and b/c of who it is come? I think u know b/c of brilliant MELE !!!!!!!!!! Oh “my king MELE NURE LEZELALEM!!!!!” My God bless u and family’s!!!!!:!::!:

12/21/07 @ 13:56

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