Ethiopia Returns USD 109 Million in Unspent World Bank Loan

Ethiopia has officially cancelled and returned approximately USD 108.9 million in unwithdrawn World Bank credits. This decision follows the completion of the Modjo-Hawassa expressway project. The return of funds is attributed to project closeout procedures, budget adjustments, and savings realized through competitive procurement processes. World Bank documentation indicates these cancellations cover various credits spanning from May 2020 through September 2026. The move marks the final settlement of financial obligations related to this major infrastructure development.