The World Bank is likely to provide financing in the range of 250 million dollar to 300 million dollars for the 218km Modjo to Hawassa Highway
World Bank Cash Injection Takes Total Loans to Record High From left to right: Guang Zhe Chen, World Bank Country Director for Ethiopia , Sisay Gemechu, state minister for Industry and Ahmed Shide, state minister for Finance and Economic Development. The latest loans will help to finance industrial zones, a geothermal project and, potentially, the Modjo-Hawassa highway ምንጭ፦ addisfortune.net Latest and expected injection of 430 million dollars from the World Bank to Ethiopia is bringing the country’s total loans for the year to a record high of 1.64 billion dollars. Ethiopia’s loans from the Bank, coming through the International development Association – the Bank’s interest free facility for 80 of the world’s poorest countries- have been growing by hundreds of millions of dollars every year for the past few years, They have shot up from 640 million dollars in 2011 to 974 million dollars in 2012 and 1.15 billion dollar in 2013. The latest figure of 1.64 billion dollar