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Ethiopia - India to loan 122m USD loan for sugar industry

Ethiopia - Indian Ambassador hopes 122m USD loan for sugar industry in Ethiopia will be released sooner

Addis Ababa,Ethiopia (ENA) - Indian Ambassador to Ethiopia, Gurijit Singh said 122 million USD loan agreed upon between the Export Import Bank of India and Ethiopia to support sugar industry in Ethiopia would be released after approved by the country's parliament in the near future.

Ambassador Singh said his country would provide 640 million USD loan to Ethiopia during the coming five years.

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