Ethiopia Received $1.5 Billion in Aid Last Year

By Jason McLure, Bloomberg

Ethiopia received 14.8 billion birr ($1.5 billion) in loans and grants last year, the Ethiopian News Agency said, citing Getachew Admassu, a spokesman for the finance ministry.

The Horn of Africa country received about $600 million in loans and $900 million in grants from donor countries and multilateral lenders, such as the European Union and the United Nations Development Program, the news agency reported.