By Jason McLure, Bloomberg
Ethiopia received 14.8 billion birr ($1.5 billion) in loans and grants last year, the Ethiopian News Agency said, citing Getachew Admassu, a spokesman for the finance ministry.
The Horn of Africa country received about $600 million in loans and $900 million in grants from donor countries and multilateral lenders, such as the European Union and the United Nations Development Program, the news agency reported.
Related Posts
- EU earmarks 1 billion euros for Africa energy growth
- Ethiopia will divert World Bank loans to buy fertilizer
- Woyanne receives $755 million from 'donors'
- Ground breaking ceremony held for 1.5 billion Birr hotel
- Fake revenue reports
Email This Post
| 
Write a Comment
Give us detailed source, including publication or broadcast date.
August 6th, 2008 at 7:42 am
I think Ethiopia will received another huge grants from British government in the near future. According to British
Embassy Prime minister Gordon Brown will pay an official visit
at the end of September. With these all development Addis will
be the capital of Africa.
August 6th, 2008 at 8:25 am
unfortunately, none of this will make a difference as long as the people of ethiopia are free from the minority dictatorship!
August 6th, 2008 at 10:06 am
Elias, First of all you should make a correction on the title of the article, Say "Weyane Recevied"……
weyane has always receive money in the name of Aid, however the majority of the money would be directly going to the pockets of meles syetanawi families and relatives, along with the members of the weyane officials, and some of the money goes to the weyane mouthpiece HODAM cadres and the remaining money will be used to reinforce the weyane agazi army, the meles seytanwi private squad.
Death to weyane members and supporters.
August 6th, 2008 at 11:09 am
Have you seen any visible valid tangible investment with this fund? Have you heard of that a fraction of this fund used to buy food, medicine or other materials to the draught stricken areas?
Here is how the fund was allocated: $1.4 Billion went to build the Great Tigray Empire. And the other $ 100 million went to Woyanne thugs to fight our brothers and sisters in Somalia. What about the draught stricken areas? You have to ask to white NGOs to come and help those poor Ethiopians that is not the problem of Woyanne. It is not happening in Tigray, so who cares. Woyanne is very busy on installing and old obelisk in Mekele with 15 million birr. And this is called development by Woyanne evil government.
August 6th, 2008 at 11:53 am
next year Ethio will get more $$s . I think there is a competition how much ethio gets by begging. sad!!!
August 6th, 2008 at 12:04 pm
Hagos,
shut up!!!
August 6th, 2008 at 6:10 pm