AEGiS-AFP News: Ethiopia-Bank: World Bank lends Ethiopia up to 800 million dollars

Ethiopia-Bank: World Bank lends Ethiopia up to 800 million dollars

Agence France-Presse - December 14, 2000

ADDIS ABABA, Dec 14 (AFP) - The World Bank is lending Ethiopia up to 800 million dollars to help rebuild its shattered economy after two years of bitter border war with Eritrea, Bank officials have said here.

Between July 2000 and July 2001 the World Bank will have lent the eastern African country between 700 and 800 million dollars.

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."

The money, in the form of different loan packages, some of which have already been granted, is being used for a variety of economy-rebuilding and social-reconstruction efforts.

They include programmes to integrate former fighters into civil society, help war invalids, fight the HIV/AIDS epidemic, demine landmined areas and rebuild roads.

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