The World Bank’s Board of Executive Directors approved a $250 million credit in support of Ethiopia’s effort to create new jobs and increase competitiveness in light manufacturing sector through the development of industrial zones and enhancing linkages with the local economy.
“Growth of the manufacturing sector creates employment opportunities for the poor, as light manufacturing primarily uses unskilled and semi-skilled labor,” said Guang Zhe Chen, the World Bank Country Director for Ethiopia. “Job creation through industrialization will help contribute to the reduction of extreme poverty and promotion of shared prosperity which are key goals of the World Bank Group.”
Read more at New Business Ethiopia
