World Bank, Ethiopia sign 1.72
The Ethiopian government and the World Bank have signed financing agreements amounting to 1.72 billion U.S. dollars in support of Ethiopia's development.
The accords, which were made in the form of credits and grants, were signed by Ethiopia's Minister of Finance Ahmed Shide and the World Bank's country representative Ousmane Dione, the Ethiopian Ministry of Finance said in a statement Friday.
The resource will be used for the implementation of six projects aimed at driving sustainable development and inclusive growth in the East African country, the ministry said.
The projects include a 300-million-U.S. dollar grant to enhance climate-resilient accessibility to food markets and services for target populations and strengthen institutional capacity for rural road management, it added.
Another 82.5-million-dollar grant will finance the enhancement of incomes for the urban poor and promote labor market inclusion for disadvantaged urban youth. Additionally, a 340-million-dollar credit is aimed at enhancing livelihoods and climate resilience for pastoral and agro-pastoral communities in Ethiopia's lowlands.
According to the ministry, the financing support also includes a 522.63-million-dollar investment to strengthen and expand the electricity network and facilitate renewable energy generation in Ethiopia as well as a 275-million-dollar grant to increase access to water supply and sanitation services in the country.
Related articles
Biden says Brown v. Board of Education ruling was about more than education
WASHINGTON (AP) — The landmark 1954 Supreme Court ruling that desegregated schools was about more th2024-05-21Pressure grows on Angela Rayner to quit as Labour deputy leader over housing row police probe
Angela Rayner is facing fresh Tory calls to quit as Labour's deputy leader today as police reopened2024-05-21VOX POPULI: ‘Dandara’ puns still entertain amid destroyed shops of Wajima
“Dandara” is a wordplay pun based on the 17-syllable haiku format, with its seven-syllable part repr2024-05-21- The law change will mean that cough and cold medicines containing pseudoephedrine will be available2024-05-21
‘The Blue Angels,’ filmed for IMAX, puts viewers in the ‘box’ with the elite flying squad
If you’re looking for a little bit of that “ Top Gun: Maverick ” spectacle and thrill at the movie t2024-05-21How homeowners are responding to huge insurance premium hikes
Photo: RNZ2024-05-21
atest comment