The World Bank Group has approved USD 82.6 million to help Ethiopia mitigate the effects of Covid-19 pandemic. The executive directors’ of the board of the WB have approved that Ethiopia should have a USD 41.3 million grant and USD 41.3 million credit which the Bank sources from the International Development Association.
NBE Raises Reserve Ratios to 10 Percent,Transitions to Market-Driven Interest Rate
The National Bank of Ethiopia has ordered commercial banks to hold a larger share of their deposits as reserves, responding to what it described as...
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