Ethiopia, July 4 -- The World Bank's Board of Executive Directors today approved a $1 billion Development Policy Operation (DPO) to support Ethiopia's transition toward a more inclusive and private sector-led growth model. The Second Sustainable and Inclusive Growth DPO builds on an earlier operation approved in July 2024, providing additional financial support for the Government of Ethiopia's homegrown Economic Reform Agenda. The financing includes a $650 million grant and a $350 million concessional credit from the International Development Association (IDA)*.In July 2024, the Government of Ethiopia launched comprehensive reforms to reduce large macroeconomic imbalances that had accumulated in recent years. Supported by this programmatic ...