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World Bank Says Ethiopia's Poverty Rate Expected to Climb to 43% in 2025, Reversing Years of Progress

The World Bank's latest assessment on poverty and equity in Ethiopia forecasts that poverty will increase to 43% by 2025, up from 33% in 2016 (measured at $3 per day, 2021 PPP).After making ...
Biometric Update

Ethiopia must pursue telecoms reforms to advance digital inclusion: World Bank

The Ethiopian government has to make sure the playing field is level enough for both telcos, and also consider allowing space ...
Reuters

Ethiopia to get $10.5 bln if IMF, World Bank talks succeed, PM says

ADDIS ABABA, July 4 (Reuters) - Ethiopia will receive $10.5 billion in support over the coming years if long-running negotiations with the International Monetary Fund and World Bank are successful, ...
Bloomberg L.P.

Ethiopia Expects $10.5 Billion From IMF, World Bank Talks

Ethiopia’s ongoing discussions with the International Monetary Fund and the World Bank may lead to $10.5 billion of funding, Prime Minister Abiy Ahmed said. “We have been negotiating with the IMF and ...
The Africa Report

Ethiopia working on full banking‑sector opening, central bank governor Mihretu says

In an interview with The Africa Report, Mamo Mihretu argues that financial-sector liberalisation is irreversible even as Ethio Lease pulls out. Ethiopia’s central bank is working on a plan to fully ...
World Bank

World Bank Steps up Support for Ethiopia’s Economic Reforms with $1 Billion Development Policy Operation

WASHINGTON, July 3, 2025 - The World Bank’s Board of Executive Directors today approved a $1 billion Development Policy Operation (DPO) to support Ethiopia’s transition toward a more inclusive and ...
World Bank

The Transformative Power of Ethiopia’s Digital ID: Unlocking a better future for all

Registration of internally displaced persons in an urban area in partnership with Ethio-telecom during a targeted campaign by NIDP. Ethiopia’s Digital ID (Fayda) is closing the gender gap, empowering ...
International Monetary Fund

Ethiopia’s Central Bank: Leading Transformative Reform

Over the past year, Ethiopia—Africa’s second most populous country—has embarked on a comprehensive transformation of its monetary and exchange rate regimes. After decades of tight control, the country ...
The Africa Report

Ethiopia’s central bank governor Mamo Mihretu resigns after 2‑year reform push

Mamo Mihretu has resigned as governor of the National Bank of Ethiopia after two and a half years, saying he is leaving government to “pursue other passions and tackle other challenges”. Appointed in ...
Bloomberg L.P.

Ethiopia’s Yet-to-Trade Stock Exchange Adds Second Bank Listing

Gadaa Bank, a domestically owned commercial lender, has become the second company to list on Ethiopia’s nascent stock market that’s yet to commence trading. The bank listed the entire 1.23 million ...
TechSpot

Largest bank in Ethiopia hit by IT glitch that allowed customers to withdraw over $40 million

Facepalm: Customers of Ethiopia's largest bank had a nice surprise this week when a glitch allowed them to withdraw unlimited funds. More than $40 million was withdrawn from the state-owned Commercial ...