World Bank agrees to provide $ 405 million to Ethiopia
The Ministry of Finance has signed a $ 405 million grant agreement with the World Bank.
The agreement was signed by Finance Minister Ahmed Shede and World Bank Ethiopia Representative Osman Diye.
The money will be used for pastoralism and drought relief in the arid areas, as well as for the prevention of the CVD-19 epidemic.
According to ENA, $ 210 million will be used for the development of groundwater in pastoral and arid areas, while the rest will be used to prevent the outbreak of CVD-19 virus.
About Addis Insight
Addis Insight is Ethiopia’s fastest growing digital news platform, providing consumers with the latest news from Ethiopia and its diaspora. We provide marketers with innovative opportunities to leverage our stories and overall brand with a fiercely curious and highly engaged audience.