World Bank Loans 50 Million US Dollars to Ethiopia. Hawassa is among the Cities which benefits from the project.
The World Bank’s Board of Executive Directors today approved a 50 million US dollars credit from the International Development Association (IDA) for the Women Entrepreneur Development Project to help open doors for female entrepreneurs in Ethiopia and give them access to appropriate skills and employment opportunities to contribute to the country’s economic growth. The Bank is committed to help in creating equal access to the necessary resources for both female and male entrepreneurs in Ethiopia so that they can develop their business and generate employment in the country” said Guang Z. Chen, Country Director for Ethiopia. According to the bank, resources from IDA bring positive change for 2.5 billion people living on less than 2 US dollars a day. Since its inception, IDA has supported activities in 108 countries. Annual commitments have increased steadily and averaged about 15 billion US dollars over the last three years, with about 50 percent of commitments going to Afr