Ethiopia Returns Unspent USD109mln World Bank Loan as Modjo–Hawassa Expressway Wraps Up

Ethiopia has cancelled about USD108.9 million in unused World Bank credits as the Modjo–Hawassa expressway project reaches its closeout stage. The cancellations reflect budget revisions, savings from competitive procurement and final accounting procedures. The development highlights both the completion of a major Ethiopian transport project and the adjustment of its financing to reflect funds that were not needed.

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