Ethiopia will receive $140 million in loans from Saudi Arabia for infrastructure and energy projects, the government said on Thursday, in a further sign of support of Prime Minister Abiy Ahmed from the oil-rich Gulf state.
The two loans will go toward the construction of roads, solar plants and water supply, Abiy’s office said on Twitter after the prime minister met a delegation of Saudi Arabia’s state development fund.
In June 2018, shortly after Abiy’s appointment, the United Arab Emirates pledged $3 billion in aid and investments.
Last week the World Bank and the International Monetary Fund pledged a total of $5.9 billion to support Ethiopia’s economic reforms.
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