Ethiopia inks $33m World Bank loan agreement

Filed under: News |

worldbank7Saturday, 19 March 2016
Ethiopia and the World Bank signed Thursday a 33 million US dollars loan.

Ethiopian State Minister of Finance and Economic Cooperation, Ahmed Shide, and Carolyn Turk, World Bank Country Director for Ethiopia, Sudan and South Sudan signed the agreement.

Ahmed on the occasion said the loan would be utilized for health, education, agricultural and safe drinking water development works.

Carolyn Turk on her part said the fund would also be used for the implementation of the plans the country set out to defeat poverty.
Source: StarAfrica

Please follow and like us:

2 Responses to Ethiopia inks $33m World Bank loan agreement

  1. iS THERE SOME IN REAL TERM VERIFICATION OF WHAT THESE BILLIONS OF FOREIGN AID HAVE ACCOMPLISHED IN ETHIOPIA. WHAT WEE SEE IN MANY VIDEOS ETC. ARE THAT THE PEASANT ARE PLOWING THE SAME OLD WAY AND ARE AS POOR AS THEY WERE BEFORE OUR FAMOUS REVOLUTION, FORTY YEARS OF OF PROGRESS SEEM TO HAVE MADE ADDIS ABABA THE PROSTITUTION AND DRUG CENTER OF AFRICA AND COUNTLESS OTHER CRIMES. I THINK IT IS A CASE OF ALL THAT GLITTERS IS NOT GOLD.

    imru zelleke
    March 19, 2016 at 10:59 am
    Reply

  2. Yes, this is a real concern that is afflicting Ethiopians. However, it is not a complicated thing. The money goes into the pockets of the TPLF people. They do not even need to steal it, as they used to do in the past. They now appropriate it, using state laws and powers – civilian and military – the TPLF presides upon.

    Let me remind you what happened in the South Omo Valley. ESAT last week reported “Of the 106,997.7 hectares of land allocated for investment 105,914.6 or 98.9% has been taken by members of the TPLF and their close ties. Only 1% of the land was given to the locals, according to the report. Of the 20 investors who took land, 16 were either members of the TPLF or Tigrayan supporters of the Front.”

    The same report also revealed that the TPLF businessmen easily obtained 32 million dollars in loans from the Ethiopian Development Bank[?], using the land as a collateral. However, it is only about $250,000 that has been invested on the land. The address of over $31 million has so far not been traced, according to those professionals that saw the said report.

    To get the money, the report observes, the TPLF businessmen threatened and put pressure on local officials, as they always do it even in Addis Abeba, using the corrupt TPLF’s name that sits in power over the state of Ethiopia, but not to benefit citizens with sense of fairness and equality. Here is the link to ESAT’s story on the matter:

    Recently, the collusion between the TPLF state and Tigrayan companies have gone into collaboration to work on 800 hectares of land in South Omo Valley to develop sugar plantations. China’s Exim Bank gave a loan of $700 million. An Israeli agricultural co has come with financing of its own to develop drip irrigation. It has been clearing all the natural forests out of existence.

    The South Omo saga (https://twitter.com/EthiObservatory/status/707527786500661248) does not stop there. The TPLF and its members have transformed it into a prostitution ring for British and German sex tourists, if you consult the commercials on the DailyMail and other papers. Last week they had the indecency to show young boys pictures as well, possibly their innocence exploited as young boys, not even ten years old.

    In trying to bring the problem to the attention of the world, I kept on twitting (https://twitter.com/EthiObservatory/status/707504605509320704), even when twitter refused to pictures. When I saw the picture and did again, wrote “This was the picture I commented on..”, as can be seen there, they have put a different picture.

    This requires a popular movement of Ethiopians against the TPLF regime that tries to prosper in prostituting indigenous communities, especially young boys. Check out on DailyMail the pciture of the kids with photographers (http://i.dailymail.co.uk/i/pix/2016/03/08/12/31FB229100000578-0-image-a-108_1457438909767.jpg)! See also other related stories (http://www.survivalinternational.org/tribes/omovalley)

    The path of the World Bank money is uncomplicated. I don’t think the World Bank cares either. Even bilateral sources of cooperation in projects are used to develop wealthy TPLF members properties, as if they are state projects in the service of the people. In earlier days, when the TPLF was liberation movement, national projects and technical assistance programs were directed to Tigray.

    These people don’t even care for Tigray, under whose name they masquerade!

    The Ethiopia under the TPLF regime is the one running for a seat in the United Nations Security Council, recommended by the African Union, a dictator’s club (https://ethiopiaobservatory.com/2016/01/08/tplf-regime-eyes-un-security-council-seat-edging-silent-kenya-while-seychelles-is-said-to-have-voluntarily-relinquished-a-claim-intriguing-un-observers/)

    Ethiopia is also a member of the United Nations Human Rights Commission, re-elected in October 2015.

    I fear the problem is not in the TPLF that has been running Ethiopia since 1991, but also in the international system itself!

    There is need to get angry at all these things!

    Keffyalew Gebremedhin
    March 20, 2016 at 4:38 am
    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.