{"id":4791,"date":"2021-05-07T16:34:02","date_gmt":"2021-05-07T16:34:02","guid":{"rendered":"https:\/\/www.africa-press.net\/ethiopia\/?p=4791"},"modified":"2021-05-07T16:26:18","modified_gmt":"2021-05-07T16:26:18","slug":"ethiopia-world-bank-sign-200-million-usd-loan-agreement-to-support-digitization","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ethiopia\/all-news\/ethiopia-world-bank-sign-200-million-usd-loan-agreement-to-support-digitization","title":{"rendered":"Ethiopia, World Bank Sign 200 Million USD Loan Agreement to Support Digitization"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.net\/ethiopia\">Ethiopia<\/a>. <\/strong><\/span>May 7\/2021(ENA) Ethiopia and the World Bank have signed today a 200-million USD concessional loan agreement that supports the country\u2019s digitalization program.<\/p>\n<p>The soft loan agreement signed by Finance Minister Ahmed Shide and World Bank Country Director Ousmane Dione will directly contribute to Ethiopia\u2019s 2025 digitalization strategy.<\/p>\n<p>The proceeds of the loan will be used to strengthen the analog foundations of the digital economy, develop capacity of the government to deliver digital services and nurture digital entrepreneurship, and incentivize digital businesses, Finance Minister Ahmed Shide said on the occasion.<\/p>\n<p>Liberalization of the telecom sector is intended to drive economic growth, address binding constraints in the economy and unleash the potential of key economic sectors, he pointed out.<\/p>\n<p>WB Country Director Dione said Ethiopia has registered positive economic growth and poverty reduction over the past few years.<\/p>\n<p>To sustain the achievements, however, it will be crucial for Ethiopia to address key challenges that long undermined its potential, including limited use of the digital space, and the fact that the country is yet to fully leverage technology, he added.<\/p>\n<p>According to the director, the digital foundation project will assist Ethiopia to increase access to affordable, high quality internet services for government, businesses, and citizens.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Ethiopia. May 7\/2021(ENA) Ethiopia and the World Bank have signed today a 200-million USD concessional loan agreement that supports the country\u2019s digitalization program. The soft loan agreement signed by Finance Minister Ahmed Shide and World Bank Country Director Ousmane Dione will directly contribute to Ethiopia\u2019s 2025 digitalization strategy. The proceeds of the loan [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":4790,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[233,277,235],"class_list":["post-4791","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-ethiopia-2","tag-ethiopia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ethiopia, World Bank Sign 200 Million USD Loan Agreement to Support Digitization - Ethiopia<\/title>\n<meta name=\"description\" content=\"May 7\/2021(ENA) Ethiopia and the World Bank have signed today a 200-million USD concessional loan agreement that support ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/ethiopia-world-bank-sign-200-million-usd-loan-agreement-to-support-digitization\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethiopia, World Bank Sign 200 Million USD Loan Agreement to Support Digitization\" \/>\n<meta property=\"og:description\" content=\"May 7\/2021(ENA) Ethiopia and the World Bank have signed today a 200-million USD concessional loan agreement that support ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/ethiopia-world-bank-sign-200-million-usd-loan-agreement-to-support-digitization\" \/>\n<meta property=\"og:site_name\" content=\"Ethiopia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-07T16:34:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2021\/05\/img-60956a0c91fd3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"332\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/ethiopia-world-bank-sign-200-million-usd-loan-agreement-to-support-digitization#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/ethiopia-world-bank-sign-200-million-usd-loan-agreement-to-support-digitization\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Ethiopia, World Bank Sign 200 Million USD Loan Agreement to Support Digitization\",\"datePublished\":\"2021-05-07T16:34:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/ethiopia-world-bank-sign-200-million-usd-loan-agreement-to-support-digitization\"},\"wordCount\":217,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/ethiopia-world-bank-sign-200-million-usd-loan-agreement-to-support-digitization#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ethiopia\/sites\/50\/2021\/05\/img-60956a0c91fd3.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ethiopia\",\"ethiopia\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/ethiopia-world-bank-sign-200-million-usd-loan-agreement-to-support-digitization#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/ethiopia-world-bank-sign-200-million-usd-loan-agreement-to-support-digitization\",\"url\":\"https:\/\/www.africa-press.net\/ethiopia\/all-news\/ethiopia-world-bank-sign-200-million-usd-loan-agreement-to-support-digitization\",\"name\":\"Ethiopia, World Bank Sign 200 Million USD Loan Agreement to Support Digitization - 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