{"id":470788,"date":"2021-04-23T11:41:36","date_gmt":"2021-04-23T11:41:36","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=470788"},"modified":"2021-04-23T11:41:36","modified_gmt":"2021-04-23T11:41:36","slug":"new-world-bank-financing-of-usd-907-million-for-ethiopia","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2021\/04\/23\/new-world-bank-financing-of-usd-907-million-for-ethiopia\/","title":{"rendered":"New World Bank financing of USD 907 million for Ethiopia"},"content":{"rendered":"
<\/div>

Ethiopia to receive funding of $ 907 million from the World Bank to fight Covid-19 and invest in electricity. The agreement was signed with Ethiopia’s finance minister on Friday April 23.<\/p>\n

Funding consists of $ 700 million in loan and $ 207 million in grant.<\/p>\n

According to a ministry statement, $ 200 million of the funding will go to small and medium-sized enterprises (SMEs) impacted by the pandemic in an effort to alleviate their funding problems, $ 207 million will be used for the deployment of Covid-19 vaccines. The remaining $ 500 million will be invested in efforts to increase access to electricity in the Horn of Africa country.<\/p>\n

Last March, the World Bank approved a $ 500 million loan from the International Development Association (IDA) to support Ethiopia’s goal of achieving universal access to electricity. by 2025.<\/p>\n

According to the institution, Ethiopia has the third largest energy access deficit in sub-Saharan Africa with more than half of the population still without access to reliable electricity, especially in deep rural areas that depend on electricity. biomass and kerosene.<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

Ethiopia to receive funding of $ 907 million from the World Bank to fight Covid-19 and invest in electricity. The agreement was signed with Ethiopia’s finance minister on Friday April 23. Funding consists of $ 700 million in loan and $ 207 million in grant. According to a ministry statement, $ 200 million of the<\/p>\n","protected":false},"author":527297,"featured_media":470789,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12028,12040,12046,12036],"tags":[1540,17949,17950,12510],"class_list":{"0":"post-470788","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-energy","8":"category-international-institutions","9":"category-leaders-en","10":"category-sectors","11":"tag-ethiopia","12":"tag-new-world-bank-financing","13":"tag-usd-907-million","14":"tag-world-bank-en","15":"post_format-post-format-aside","16":"pmpro-has-access"},"yoast_head":"\nNew World Bank financing of USD 907 million for Ethiopia - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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