World Bank approves US$1.5bn in financing for Ethiopia

Country seeks to restructure sovereign debt
The World Bank will provide a grant of US$1 billion and another US$500 million in a low-interest credit line.
REUTERS
  • 2 Maande Gelede - 2024-08-01 00:00:00
The World Bank on Tuesday said its board had approved US$1.5 billion in financing for Ethiopia, as the Horn of Africa country tries to push ahead with a long-running debt restructu
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Premier League: Arsenal 2 vs 2 Liverpool | West Ham 2 vs 1 Manchester United | Crystal Palace 1 vs 0 Tottenham Hotspur | Chelsea 2 vs 1 Newcastle LaLiga: Mallorca 0 vs 0 Athletic Club | Real Sociedad 0 vs 2 Osasuna | Real Betis 1 vs 0 Atletico Madrid | Getafe 1 vs 1 Valencia | Leganés 3 vs 0 Celta Vigo SerieA: Fiorentina 5 vs 1 AS Roma | Inter Milan 4 vs 4 Juventus | Monza 2 vs 2 Venezia | SS Lazio 3 vs 0 Genoa | Parma 1 vs 1 Empoli European Championships Qualifying: Norwich City 3 vs 3 Middlesbrough English Championship: Norwich City 3 vs 3 Middlesbrough Katima Mulilo: 20° | 40° Rundu: 18° | 39° Eenhana: 16° | 41° Oshakati: 17° | 37° Ruacana: 18° | 37° Tsumeb: 21° | 36° Otjiwarongo: 15° | 35° Omaruru: 17° | 37° Windhoek: 17° | 33° Gobabis: 16° | 34° Henties Bay: 13° | 21° Wind speed: 19km/h, Wind direction: SW, Low tide: 08:03, High tide: 02:21, Low Tide: 20:27, High tide: 14:26 Swakopmund: 14° | 16° Wind speed: 16km/h, Wind direction: NW, Low tide: 08:01, High tide: 02:19, Low Tide: 20:25, High tide: 14:24 Walvis Bay: 13° | 21° Wind speed: 22km/h, Wind direction: W, Low tide: 08:01, High tide: 02:18, Low Tide: 20:25, High tide: 14:23 Rehoboth: 15° | 34° Mariental: 18° | 34° Keetmanshoop: 19° | 34° Aranos: 17° | 34° Lüderitz: 17° | 29° Ariamsvlei: 18° | 34° Oranjemund: 14° | 30° Luanda: 25° | 26° Gaborone: 17° | 32° Lubumbashi: 18° | 30° Mbabane: 13° | 23° Maseru: 10° | 26° Antananarivo: 15° | 32° Lilongwe: 23° | 33° Maputo: 19° | 28° Windhoek: 17° | 33° Cape Town: 15° | 24° Durban: 16° | 22° Johannesburg: 16° | 27° Dar es Salaam: 24° | 29° Lusaka: 21° | 32° Harare: 18° | 29° Currency: GBP to NAD 22.8 | EUR to NAD 19.01 | CNY to NAD 2.46 | USD to NAD 17.56 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.27 | EGP to NAD 0.35 | KES to NAD 0.13 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.04 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.8 | USD to AOA 909.05 | USD to BWP 13.42 | USD to EGP 48.68 | USD to KES 129.2 | USD to NGN 1664.1 | USD to ZAR 17.57 | USD to ZMW 26.66 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1877.92 Down -0.74% | Casablanca Stock Exchange (CSE) MASI 14247.73 Up +0.25% | Egyptian Exchange (EGX) 30 Index 30619.96 Down -0.5% | Botswana Stock Exchange (BSE) DCI 9844.57 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 782.71/OZ UP +0.27% | Copper US$ 4.36/lb UP +0.16% | Zinc US$ 3 143.00/T UP 0.35% | Brent Crude Oil US$ 71.84/BBP UP +0.58% | Platinum US$ 1 036.36/OZ DOWN -0.0144 Sport results: Premier League: Arsenal 2 vs 2 Liverpool | West Ham 2 vs 1 Manchester United | Crystal Palace 1 vs 0 Tottenham Hotspur | Chelsea 2 vs 1 Newcastle LaLiga: Mallorca 0 vs 0 Athletic Club | Real Sociedad 0 vs 2 Osasuna | Real Betis 1 vs 0 Atletico Madrid | Getafe 1 vs 1 Valencia | Leganés 3 vs 0 Celta Vigo SerieA: Fiorentina 5 vs 1 AS Roma | Inter Milan 4 vs 4 Juventus | Monza 2 vs 2 Venezia | SS Lazio 3 vs 0 Genoa | Parma 1 vs 1 Empoli European Championships Qualifying: Norwich City 3 vs 3 Middlesbrough English Championship: Norwich City 3 vs 3 Middlesbrough Weather: Katima Mulilo: 20° | 40° Rundu: 18° | 39° Eenhana: 16° | 41° Oshakati: 17° | 37° Ruacana: 18° | 37° Tsumeb: 21° | 36° Otjiwarongo: 15° | 35° Omaruru: 17° | 37° Windhoek: 17° | 33° Gobabis: 16° | 34° Henties Bay: 13° | 21° Wind speed: 19km/h, Wind direction: SW, Low tide: 08:03, High tide: 02:21, Low Tide: 20:27, High tide: 14:26 Swakopmund: 14° | 16° Wind speed: 16km/h, Wind direction: NW, Low tide: 08:01, High tide: 02:19, Low Tide: 20:25, High tide: 14:24 Walvis Bay: 13° | 21° Wind speed: 22km/h, Wind direction: W, Low tide: 08:01, High tide: 02:18, Low Tide: 20:25, High tide: 14:23 Rehoboth: 15° | 34° Mariental: 18° | 34° Keetmanshoop: 19° | 34° Aranos: 17° | 34° Lüderitz: 17° | 29° Ariamsvlei: 18° | 34° Oranjemund: 14° | 30° Luanda: 25° | 26° Gaborone: 17° | 32° Lubumbashi: 18° | 30° Mbabane: 13° | 23° Maseru: 10° | 26° Antananarivo: 15° | 32° Lilongwe: 23° | 33° Maputo: 19° | 28° Windhoek: 17° | 33° Cape Town: 15° | 24° Durban: 16° | 22° Johannesburg: 16° | 27° Dar es Salaam: 24° | 29° Lusaka: 21° | 32° Harare: 18° | 29° Economic Indicators: Currency: GBP to NAD 22.8 | EUR to NAD 19.01 | CNY to NAD 2.46 | USD to NAD 17.56 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.27 | EGP to NAD 0.35 | KES to NAD 0.13 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.04 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.8 | USD to AOA 909.05 | USD to BWP 13.42 | USD to EGP 48.68 | USD to KES 129.2 | USD to NGN 1664.1 | USD to ZAR 17.57 | USD to ZMW 26.66 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1877.92 Down -0.74% | Casablanca Stock Exchange (CSE) MASI 14247.73 Up +0.25% | Egyptian Exchange (EGX) 30 Index 30619.96 Down -0.5% | Botswana Stock Exchange (BSE) DCI 9844.57 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 782.71/OZ UP +0.27% | Copper US$ 4.36/lb UP +0.16% | Zinc US$ 3 143.00/T UP 0.35% | Brent Crude Oil US$ 71.84/BBP UP +0.58% | Platinum US$ 1 036.36/OZ DOWN -0.0144


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