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Ethiopia Land of Origins
Ethiopia Land of Origins

Ethiopia Land of Origins

World Bank Supports Ethiopia’s Small and Medium Enterprises to Boost Job Creation

articleThe World Bank Board of Executive Directors on Wednesday (May 18) approved a US$200 million International Development Association (IDA) credit to support the growth and development of Small and Medium Enterprises (SMEs) in Ethiopia. Ethiopia’s five-year development plan emphasized the key role of SMEs for the local economy and identified support to SMEs as a key industrial policy direction for creating employment opportunities.

A recent World Bank study on SMEs finance in Ethiopia found that financing constraints of Ethiopian SMEs are one of the key issues in creating jobs.