Written by Meron Tekleberhan Tuesday, 12 February 2013 13:38
Ethiopian Business News - Banking and Finance
Ethiopia has received 1.69 billion US dollars in loans and grants in the last six months of the current budget year said Tewdros Adhanom, Ethiopian Minister of Foreign Affairs.
Most of the financing, an estimated 1.04 billion, was obtained from bilateral sources and the remaining funds from multilateral financial sources he said in his report to the House of Peoples Representatives.
The nation has also acquired 976.8 million US dollars from donors and creditors in this period according to Tewdros. Donors in this period included England, Italy, United States, the European Union, Germany, Czech Republic, Norway, and the Netherlands read the report he presented.The country has also secured above 1.15 billion from the World Bank over this period to finance basic social services like education, health and economic infrastructure including roads said Tewdros.
The Ministry of Foreign Affairs has raised more than 3 million US dollars in the last six months with 2.7 million US dollars raised from the sale of bonds.
Source: Capital
Recent Articles by Meron Tekleberhan :
Related Articles from 2merkato.com :
? Ethiopian Airlines Concludes Loan Arrangement for Dreamliners
Ethiopian Airlines finalized a 1.2 billion US dollar loan deal to finance the ten Boeing B787-8 Dreamliner aircraft it has on order.The legal...? Development Bank of Ethiopia Approves 5.1 Billion Birr in Loans
The Development bank of Ethiopia approved 5.1 billion birr in loans to a range of investment projects in the last eight months of the Ethiopian...? IFC Ethiopia to Make $85 Million Available to Private Businesses
The International Finance Corporation is expected to make 85 million US dollars available in financing to private businesses in Ethiopia according to...? Bank to Float Shares Worth 200 Mln Birr
Abay Bank, one of the private banks in Ethiopia, is going to float shares worth 200 million birr to the public as of this month.The bank is...? Ethiopian Private Bank Nets 64 Mln Birr
Zemen Bank?s net profit doubled from 29 million birr to 63.5 million birr in the last fiscal year. Zemen Bank disbursed 633.7 million birr in loans...Source: http://www.2merkato.com/201302122046/ethiopia-receives-169-billion-in-loans
Megan Rossee grenada grenada Sikh Sanya Richards Ross decathlon Honey Boo Boo Child
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.