World Bank envisages to speed up development endeavor in Addis.
The World Bank announced that it has proposed a program to support Addis Ababa’s development endeavor in various aspects. The development program mainly focus in providing technical assistance to enhance economic growth and job creation.
Bank Urban Specialist Emma Hobson told journalists yesterday that since Addis Ababa is one of the rapidly growing cities in Africa in economic and job creation fronts.
The city has registered 14 per cent economic growth, and residents per capita income which was 800 USD in 2010 grew to 1,000 USD in 2015. The accumulation of these achievements would enable Addis to be among the four cities the program is implemented, according to her.
She also said that the program will enable the city to get a better technical assistance in various development projects including infrastructure, job creation, capacity building, strategic planning, research and quick-win intervention, among others.
She said for the implementation of the program, the WB allocated 700, 000 USD for the next two budget years. The program would continue until 2018.
Addis Ababa Mayor Office Head Asegid Getachew also said that the Bank has been supporting the national development drive in infrastructure, job creation and investment.
He said that the new initiation will help the city to enhance its economic performance and join other similar cities of the middle income countries.
In addition, the program will speed up development programs through implementing advanced international experience.
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