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News - Financial

As part of the World Bank’s Financial Sector Strengthening Project (FSSP), CBE is set to receive USD 650 million in funds

May 01, 2025

Key conditions for disbursement included the government issuing a 900 billion birr bond, which is a prerequisite for CBE to receive USD 250 million from the World Bank
The Financial Sector Support Program (FSSP) is a three-year initiative, with the first major disbursement expected by December 2025. By the end of the year, the Commercial Bank of Ethiopia (CBE) could receive up to USD 550 million, contingent on meeting additional conditions met by it and other entities such as the NBE and the Ethiopian Investment Holdings (EIH)
The state-owned DBE is also expected to secure some of the USD 700 million in funding approved under the FSSP