Ethiopia and the World Bank explained

The relationship between Ethiopia and the World Bank was formalized on December 27, 1945.^[1]

Ethiopia's first projects approved by the World Bank supported the building of infrastructure such as roads and highways during the 1950s. Ethiopia first sought a loan for "Highway Project (01)", which was approved on September 13, 1950. This loan had a total commitment value of $5 million.^[2] The goal of the project was to repair, rebuild, and construct new roads in Ethiopia after the Italian occupation from 1935 to 1941.^[3]

Ethiopia joined the International Finance Corporation (IFC) on July 20, 1956^[4] and the International Development Association (IDA) on April 11, 1961.^[5]

Ethiopia joined the Multilateral Investment Guarantee Agency (MIGA) on August 13, 1991.^[6] However, Ethiopia did not join the International Centre for Settlement of Investment Disputes (ICSID).^[7]

As Ethiopia is one of the poorest countries in Africa, in 2005 Ethiopia received a 100% loan debt relief from the World Bank, International Monetary Fund, and the African Development Bank.^[8]

The World Bank will contribute $300 million in May 2022 to help Ethiopia's conflict-affected regions recover and be rebuilt.^[9]

Voting powers in the World Bank Group

International Bank for Reconstruction and Development (IBRD)^[10]

• Total Subscriptions - Amount 147.0 / Percent of Total 0.06
• Voting Power - No. of Votes 2,201 / Percent of Total 0.09

International Finance Corporation (IFC)^[11]

• Total Subscriptions - Amount 127 / Percent of Total 0.00
• Voting Power - No. of Votes 942 / Percent of Total 0.03

International Development Association (IDA) Part II Countries^[12]

• Voting Power - No. of Votes 49,232 / Percent of Total 0.17

Multilateral Investment Guarantee Agency (MIGA) Part II Countries^[13]

• Total Subscriptions - Amount 1.23 / Percent of Total 0.07
• Voting Power - No. of Votes 349 / Percent of Total 0.16

Projects

Ethiopia has received approval for large projects, including:^[14]

• One WASH - Consolidated water Supply, Sanitation, and Hygiene Account Project (One WASH - CWA)
• Ethiopia Climate Action Through Landscape Management Program For Results
• Renewable Energy Guarantees program
• Lowlands Livelihood Resilience Project
• Ethiopia Growth and Competitiveness

Notes and References

1. Web site: Member Countries.
2. Web site: Projects in Ethiopia.
3. Web site: How Italy Was Defeated in East Africa in 1941. Carter. Ian. 18 June 2018.
4. Web site: Member Countries #3.
5. Web site: Member Countries #2.
6. Web site: Member Countries #4.
7. Web site: Member Countries #5.
8. Web site: Economy. Britannica.
9. News: 2022-05-17 . Ethiopia, World Bank agree $300 mln grant for reconstruction . en . Reuters . 2022-05-17.
10. Web site: International Bank For Reconstruction and Development Subscriptions and Voting Power of Member Countries.
11. Web site: International Finance Corporation Subscriptions and Voting Power of Member Countries.
12. Web site: International Development Association Voting Power of Member Countries.
13. Web site: Multilateral Investment Guarantee Agency Subscriptions and Voting Power of Member Countries.
14. Web site: Projects in Ethiopia.