World Bank to give 1.8 BILLION USD to Ethiopia for half of the current fiscal year

WBG COMMITS USD 1.8 BILLION for half of the current fiscal year
21 December 2017
By Berhanu Fekade, The Reporter Ethiopia
Fast-tracking its projects in Ethiopia, the World Bank Group (WBG), has decided to commit USD 1.8 billion for the period of six months in the current fiscal year, the biggest ever financial commitment in the bank’s history in such short period of time.

While signing a USD 470 million financing deal with Abraham Tekeste, Minister of Finance and Economic Cooperation (MoFEC), Carolyn Turk, WB country director for Ethiopia and South Sudan, said that the financing commitment the bank entered with Ethiopia is growing fast and in line with that the bank has been able to extend USD 1.8 billion for a period of six months in the current fiscal year.

The 470 million financing is planned to be channeled to ministries of education and livestock and fisheries, it was learnt.

Both the ministry of education and the ministry of livestock and fisheries will be receiving USD 300 million and USD 170 million, respectively, through the general quality education project and for the enhancement of productivity and commercialization of produces of the livestock and fisheries sectors.

It’s to be recalled that, WBG has made a commitment of USD 5 billion for Ethiopia for the coming three years and have slotted more projects to receive billions in the coming five years’ time.

The country director also presented three footballs as Christmas gifts to officials present at the signing ceremony.

“We are ending visa lottery (DV) and chain migration” President Donald Trump

And through chain migration and through the lottery, the man that ran over people on the West Side Highway in Manhattan a month ago — two months ago — he came in through the visa lottery. We don’t want this group of people anymore. People met him in the neighborhood. They all said he was horrible — nasty, mean, wouldn’t talk to people. They could see it coming. They could actually see it coming. When they went back to his area where he lived, they could see it coming. They said, what’s he doing here?

Well, when we take people that are lottery — they’re not putting their best people in the lottery. It’s common sense. They’re not saying, oh, let’s take our best people and let’s put them into the lottery so that we can send them over to the United States. No. They put their worst people into the lottery. And that’s what we get, in many cases. So that’s not going to be happening anymore. We’re going to end it.

So we’re ending the lottery. We’re ending the chain migration where, in his case, they say he might have had up to 24 people come in with him, indirectly — aunts, uncles, cousins, grandfathers, grandmothers. And they come in because one guy gets in. Then you bring the whole family. And not a lot of jobs there either, I want to tell you. Not a lot of working jobs.