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LOANS & CREDITS June 17, 2020

Ethiopia - COVID-19 Supplemental Financing to the Second Ethiopia Growth and Competitiveness Programmatic Development Policy Financing

Development Policy Grant: US $125 million equivalent

Development Policy Credit: US $125 million equivalent

Maturity: 38 years    Grace: 6 years

Project ID: P169080

Project Objectives Description: The development objective of the DPF series aims at boosting economic transformation in Ethiopia by increasing private sector participation and promoting good governance practices, including moving towards a sustainable financing model for Ethiopia’s development. The supplemental financing will help the Government of Ethiopia close an unexpected financing gap due to the COVID-19  pandemic, and minimize the impact of the crisis on continued implementation of reforms supported under  the Second Ethiopia Growth and Competitiveness Programmatic Development Policy Financing.

For more information about this project, visit https://projects.worldbank.org/en/projects-operations/project-detail/P169080

 


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