Fana: At a Speed of Life!

Ethiopia, Arab Bank sign $20mln loan agreement

0 618

Addis Ababa, April 15, 2019 (FBC) – The Government of Ethiopia signed an agreement amounting to $20 million in the form of loan with the Arab Bank for Economic Development in Africa.

The agreement was signed on at 5th sidelines of the World Bank/ the International Monetary Fund (IMF) springs meeting in Washington DC.

The proceeds from the loan agreements will be used to finance the implementation of the Dilla-Bulle-Haro Wachu road project which is co-financed by the OPEC Fund for International Development, according to the Ministry of Finance.