Ethiopia secures World Bank loan

Ethiopia secures World Bank loan

Published: May 7, 2014

The funds will go towards the development of urban infrastructure.

Ethiopia has agreed a US$380mn credit line with the World Bank. The funds will go towards helping local governments to develop sustainable urban infrastructure.

The disbursement of funds represents the start of the Second Urban Development Programme, the rollout of which was dependent on the success of the first. The project will be scaled up to support 44 urban local governments, up from 18 in the first phase.

The first phase of the project benefitted an estimated 2.6mn people. Some 670 kilometres of roads and 588 kilometres of drainage system, 171 latrines and 110 community water points were constructed under the programme.