Addis Ababa, 25 July 2015 - China has pledged US$700-million loan to Ethiopia on Thursday during talks held in Addis Ababa between Ethiopian Prime Minister Hailemariam Desalegn and a Chinese delegation which called on him. During the discussion with the Chinese delegation led by Jiang Jianqing, Chairman of the Board of Directors and Executive Director of Industry and Commercial Bank of China, Prime Minister Hailemariam said Ethiopia needs governmental and non-governmental financial institutions that can help it sustain its rapid growth.
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