{"id":54656,"date":"2019-12-14T10:48:59","date_gmt":"2019-12-14T02:48:59","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=54656"},"modified":"2019-12-14T10:49:01","modified_gmt":"2019-12-14T02:49:01","slug":"ethiopia-to-get-3-bln-funding-from-world-bank-prime-minister","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=54656","title":{"rendered":"Ethiopia to get $3 bln funding from World Bank &#8211; prime minister"},"content":{"rendered":"\n<h4>NAIROBI, Dec 14 (NNN-AGENCIES) &#8212; Prime Minister Abiy Ahmed said Ethiopia will receive $3 billion from the World Bank to help strengthen reforms in its traditionally state-controlled economy.<\/h4>\n\n\n\n<p>The announcement was made two days after the International Monetary Fund said it had reached a preliminary agreement for a three-year, $2.9 billion financing package to support Ethiopia\u2019s economic reforms.<\/p>\n\n\n\n<p>Abiy did not give more details on the World Bank funding. <\/p>\n\n\n\n<p>He said on his Twitter account that unnamed development partners have pledged more than $3 billion in addition to the World Bank and IMF funding.<\/p>\n\n\n\n<p>The money will go toward macroeconomic, structural and sectoral reforms, he said.<\/p>\n\n\n\n<p>\u201cThis reaffirms both Governments\u2019 and donors\u2019 partnership to transition Ethiopia to a prosperous and peaceful nation,\u201d Abiy wrote.<\/p>\n\n\n\n<p>Abiy promised to open the economy to private investment when he took office in 2018, aiming to modernise banking and telecoms and help provide jobs for more of the nation\u2019s 105 million people. &#8212; NNN-AGENCIES<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NAIROBI, Dec 14 (NNN-AGENCIES) &#8212; Prime Minister Abiy Ahmed said Ethiopia will receive $3 billion from the World Bank to help strengthen reforms in its traditionally state-controlled economy. The announcement was made two days after the International Monetary Fund said it had reached a preliminary agreement for a three-year, $2.9 billion financing package to support [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[213],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/54656"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=54656"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/54656\/revisions"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54656"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}