On July 10 this year, PM Abiy Ahmed met with Hafez Ghanem, World Bank VP for Africa. The World Bank’s new operation responds to that request. The operation will promote public-private partnerships (PPPs) which will not only improve efficiency in key sectors (e.g. telecom, power and trade logistics), but also mobilize private financing which will enable Ethiopia to maximize the resources available for development financing. Annual commitments have averaged about $18 billion over the last three years, with about 54 percent going to Africa.

Source: Ethiopian News October 31, 2018 08:26 UTC