Original Story Published by: New Business Ethiopia
The World Bank approved $600 million of the International Development Association (IDA) financing to help strengthen the capacity and performance of local urban governments in Ethiopia.
The funding also aims to expand sustainable urban infrastructure and services, as well as promote local economic development in cities across Ethiopia.
“Ethiopia is one of the fastest urbanizing countries in Sub-Saharan Africa, with the urban population growing at 3.8 percent a year. Rapid urbanization poses challenges as cities struggle to provide infrastructure, services, and jobs,” the Bank said in its press statement.
“Since the early 2000s, the World Bank has been helping Ethiopia to address these challenges and foster smart urbanization including through the Urban Local Government Development Program (ULGDP). The program which has played a key role in improving the institutional performance of local governments is also the foundation upon which the new Urban Institutional and Infrastructure Development Program(UIIDP) is built,” it said.
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