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World Bank agrees to provide $ 405 million to Ethiopia

By: Addis Insight

Date:

June 17, 2022

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The Ministry of Finance has signed a $ 405 million grant agreement with the World Bank.

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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.

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World Bank agrees to provide $ 405 million to Ethiopia

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