October 31, 2018 / 8:48 AM / 8 months ago

World Bank approves $1.2 bln in grants, loans to Ethiopia - state-affiliated broadcaster

NAIROBI, Oct 31 (Reuters) - The World Bank has approved $1.2 billion in grants and loans to Ethiopia, state-affiliated broadcaster Fana said on Wednesday.

The bank said in a statement on its website that the funds will go towards supporting reforms in the financial sector including improving the investment climate, Fana said. (Reporting by George Obulutsa Editing by Maggie Fick)

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