/ 15 December 2000

WORLD BANK LENDS ETHIOPIA $800M

THE World Bank is lending Ethiopia up to $800m to help rebuild its shattered economy after two years of bitter border war with Eritrea, Bank officials have said. Between July 2000 and July 2001 the World Bank will have lent the eastern African country between $700 and $800m. World Bank representative to Addis Ababa, Nigel Roberts said a peace deal signed Tuesday between Ethiopia and Eritrea in Algiers would help the Bank to get back to a “more normal lending trajectory.” – AFP

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