WASHINGTON: – Ethiopia’s financial system is set to receive a transformative boost following the World Bank’s approval of a $700 million credit for the Financial Sector Strengthening Project (FSSP).
This ambitious initiative, funded through the International Development Association (IDA), aims to fortify the stability and resilience of Ethiopia’s financial sector, laying the groundwork for sustainable economic growth.
Ethiopia’s financial system currently faces significant hurdles, including outdated regulatory frameworks and struggling public financial institutions.
The post World Bank approves $700 Mn to boost Ethiopia’s Financial Sector appeared first on DailyNews.