World Bank approves a 200 million dollar credit for the sixth phase of Ethiopia's Productive Safety Net Project
17 October 2026
The World Bank announced from Washington on 3 March 2026 an International Development Association credit of 200 million dollars for Ethiopia.
The money goes to Productive Safety Net Project 6, the sixth phase of the country's main social protection programme.
Under the new phase, 700,000 people are to start or grow small businesses.
Six million people are to get short term employment through climate smart public works.
Maryam Salim, the World Bank Division Director for Ethiopia, Eritrea, South Sudan and Sudan, and Sintayehu Demissie, Head of Ethiopia's Food Security Coordination Office at the Ministry of Agriculture, spoke for the two sides.
Ethiopia's Council of Ministers had separately cleared a credit of 146.1 million Special Drawing Rights from the International Development Association for the sixth phase of the Productive Safety Net Program, at its 55th regular session on Tuesday, 26 May 2026, along with 46.3 million United States dollars from the African Development Bank for a pastoralist food security and livelihood project.
In plain words
IDA International Development Association — The arm of the World Bank Group that lends to the poorest countries on concessional terms.
SDR Special Drawing Rights — The unit of account of the International Monetary Fund, used to denominate some multilateral loans.