The World Bank should not fund Ethiopia’s war in Tigray

The World Bank should not fund Ethiopia’s war in Tigray

This month, Ethiopia, a low-income country facing economic difficulties, is making its case for a financial bailout at the spring meetings of the World Bank and IMF. It is also conducting a... Read more »
Bank of Abyssinia and VISA to Start Accepting Online Payments in Ethiopia

Bank of Abyssinia and VISA to Start Accepting Online Payments in Ethiopia

Bank of Abyssinia and VISA to Start Accepting Online Payments in Ethiopia Bank of Abyssinia and VISA to Start Accepting Online Payments in Ethiopia Bank of Abyssinia becomes the First Bank in... Read more »
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Joint Statement of Egypt, Ethiopia, Sudan, the United States And the World Bank

Joint Statement of Egypt, Ethiopia, Sudan, the United States And the World Bank

Washington, DC — The Ministers of Foreign Affairs and Water Resources of Egypt, Ethiopia and Sudan and their delegations met with the Secretary of the Treasury and the President of the World... Read more »
World Bank cuts Ethiopia growth Forecast to 6.3%

World Bank cuts Ethiopia growth Forecast to 6.3%

nazret.com – The World Bank cuts its forecast of Ethiopia’s GDP growth to 6.3% in 2020, in a report released last week. In its Global Economic Prospects report, the Bank stated that... Read more »
Diasporas to the Rescue for Investment?

National Bank to amend laws to boost involvement of Diaspora Ethiopians in finance sector

Addis Ababa, February 20, 2019 (FBC) –The National Bank of Ethiopia(NBE) announced that it is on process to approve three draft bills tomodernize the financial sector and improve the efficiency of remittanceflows.... Read more »