Tag Archives: PBS III

World Bank OKs Ethiopia’s Country Partnership Strategy (CPS); nation moves onto PBS III phase costing $1.15 billion

26 Sep

By Keffyalew Gebremedhin

The Board of the World Bank’s Executive Directors today endorsed a new Country Partnership Strategy (CPS) for Ethiopia. With it comes 50-year term interest-free credit of $1.15 billion continuing to finance new and existing projects under Promoting Basic Services phase Three (PBS III), the agreements of which were already initialed in country in July 2012 amongst the different parties.
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Ethiopia & AfDB sign $251 million loan agreement

27 Aug

By Keffyalew Gebremedhin

Ethiopia and the African Development Bank (AfDB) signed on 24 August $251 million loan agreement toward continuing the financing of poverty reduction programs through the protection of basic services (PBS) at the level of the regions. The agreement was signed in Addis Ababa at the Ministry of Finance and Economic Development (MOFED), represented by State Minister Ahmed Shide, and AfDB by its Ethiopia Resident Representative Lamin Barrow.
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