Addis Abeba — In a gathering held with Prime Minister Abiy Ahmed, the World Bank Group President David Malpass “emphasized to Prime Minister Abiy Ahmed the importance of ending internal conflict and achieving lasting peace. President Malpass also “stressed out the significance of absolutely imposing the new peace settlement.”

The assembly happened in a while after the World Bank Group Board of Executive Directors licensed $745 million in grants for well being programs and flood control tasks in Ethiopia. According to the readout launched through the Bank, “President Malpass explained that the implementation of the health project in conflict-affected areas will be conducted through a third-party implementing agency to ensure national coverage.”

The newest grant would deliver the full WBG commitments to Ethiopia to $2.9 billion over FY22-FY23. “President Malpass and Prime Minister Abiy Ahmed also spoke about Ethiopia’s efforts to expand access to early childhood education and support development of human capital given the large young population.”

Furthermore, the readout said that the 2 mentioned “government reforms.”

“President Malpass stressed the importance of decisive policy reforms to remove distortions in the exchange rate market, improve SOE management, and foster a business enabling environment for private sector-led growth.” AS

Author: Addis Standard

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