Source: Xinhua
June 1. 2007
The World Bank approved 225 million U.S. dollars of credit to [the Woyanne warlords in] Ethiopia Thursday to help the African Horn country restore its road network and reduce poverty [actually to help the tribal dictatorship continue brutalizing the people of Ethiopia and Somalia].
Ethiopia will use the fund to improve the reliability of its road transport infrastructure by expanding and maintaining the road network, and strengthening the quality and efficiency of road construction, management and maintenance, said the bank in a statement.
The project will also create conditions conducive for the domestic construction industry to develop in the road transport sector.
“The emphasis will be on facilitating growth, in both the agriculture and industrial sectors, by improving transport corridors as well as better linking emerging regions to the rest of the mountainous country,” said Yoshimichi Kawasumi, World Bank task team leader for the project.
The Ethiopian government has set a target to construct almost 11,000 km of new federal roads and 5,500 km of new regional roads, while maintaining over 4,000 km of federal and regional roads, according to the statement.
6 thoughts on “World Bank approves 225 million dollars in credit to Ethiopia”
I hope you are preparing to organize a kind of demonstration against the credit as you are a good friend of the Eritrean dictator and the somalian UIC.
But you are not represent Ethiopia at all and your time is already expire after the down of Dergue
Hailemichael
This is the most horrifying and disgusting yankee politics towards Ethiopia. The Bush regime enjoys the bloodshed of nthe people of Ethiopia by rewarding the bloody nazi fascist regim in Addis. It is terrible.Ethiopia shall be free very soon, but history never forgets the Bush rewarding the genocide in Ethiopia.
This is indeed great news for our county; the money is needed to build up roads hospitals schools, to open up child cares, and other infrastructures which, the people and the government need to address together. It is a stamina for all these projects, if it is used in the appropriate way , I am sure world bank officials are making sure the grant will not be diverted to some other ways than planned. I also think the government has transparent system and clear policy how to implement this money and that might be the reason our country Ethiopia again granted this huge figure. Thank all of you for the effort you have made. Keep a good work up!! Bad for bad wishers!!
we need all the help we can get from western countries.
and the $225m that we get from world bank is going to
help our country a lot.
wi know that some of it will be used against the people of ethiopia. woyannes will use some of it to kill and imprison the opposition. however, it is also be used in the war aginst insurgents in somalia…which i believe is good to stablize ethiopia.
the islamists are trained and supported by the eritrean government, which the worst of woyannes. if there is any body who really belives that shabia is helping OLF and Islamists because it wants just to hhelp the people of ethioian from woynanne tyrants…i would say that that person is not an ethiopian at all.
so…if woyanne use the money to eradicate islamists, i would support them from my heart.
you guys what are you talking!! you forgot to mention that this guys could also use the money for there the so called endowment business expansion also for which meles has already a support from Bush administration, so guys just wait and see, I know we are poor we can not fight this but they will suffer the consequence who ever is involved with this trajic killings of the poor ethiopian peoples, I can assure the day is not far for the good of our people, however I strongly believe that woyane knows very well that he can no more use ethiopians for there chip political victory any more I can assure you it is a time woyane’s them selves has come to the point where they should come up with other healthy ideology in order to servive….it is true let us just wait and see also with the help of the almighty!!!!!!!
I am very sorry to hear and see every day woyane’s chip political strategy other than bringing about justice, equality and national reconciliation for which they are the first ones and there childrens who could be benefited out of it….please please please wake up and let us just live a life of diginity instead of being a beggars basket
God bless Ethiopia !!!
God bless those who always think good to the people of ethiopia
thanks
Very Good News…Ethiopia needs the money sooo badly because it’s making the most out of it…Remember? ethiopia has just opened up 13 universities in one year.The world bank has a sophisticated means to control and audit how the credit is being used…and not only that but also to what degree the intended objectives have been achieved.The world,except the hardcore enemies of ethiopia,remnants of the derg in diaspora,knows that ethiopia is moving in the right direction in economic and political stability in the midst of all the turbulence in the region.By the way we should talk not only about the money that flows in but also about all the things done with it,the Hydropower plants,roads,universities,health centers…the list is endless…We should be proud to hear that Ethiopia has the fourth largest growth(9.6%) rate in Africa next to those three countries which have just started exporting oil.This is great!!! isn’t it?
God bless Ethiopia!