[ TRANSACTION RECORD ]

World Bank Group Investment in Sovereign of Ethiopia — 2024

VERIFIED VECTOR ID: 002153 · tx-249
M SOURCE NODE — FUNDER
World Bank Group
Finance United States
$1,000,000,000
DEBT
30/07/2024
Q DESTINATION NODE — RECIPIENT
Sovereign of Ethiopia
Government Ethiopia
Amount (USD)
$1.0B
Flow Type
DEBT
Transaction Date
30/07/2024
Primary Source
View Filing ↗
Funder Profile [ M ]
Entity World Bank Group
AUM 350000
HQ Location United States
Sector Finance
Recipient Profile [ Q ]
Entity Sovereign of Ethiopia
Entity Type Government
Jurisdiction Ethiopia
Intelligence Note

The World Bank Group approved 1 billion dollars in financial support for the Government of Ethiopia to bolster its ambitious economic reform and poverty reduction program. This transaction includes a combination of low-interest credits and grants to ensure social stability. This funding is a primary institutional source of capital for the nation’s long-term sustainable development.

Σ
Primary Forensic Source https://www.worldbank.org/en/news/press-release/2024/07/30/world-bank-supports-ethiopia-s-economic-reform-program/
✓ SOURCE LINKED