World Bank agrees to provide $ 405 million to Ethiopia

Date:

Share post:

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.

 

Addis Insight
Addis Insighthttps://www.addisinsight.net/
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.

Related articles

IMF and Ethiopia Reach Staff-Level Agreement on $468 Million Disbursement Amid Promising Economic Reforms

International Monetary Fund (IMF) and senior Ethiopian government officials have reached a crucial staff-level agreement that will pave...

Ethiopian Airlines to Resume Kuwait Flights in June Following Middle East Cancellations

ADDIS ABABA – Ethiopian Airlines, Africa’s largest aviation group, has officially announced the upcoming resumption of its passenger...

Why Spiro’s $215M Entry into Ethiopia Changes Africa’s EV Race

The arrival of Spiro into Ethiopia, fueled by a landmark $215 million equity raise, marks a critical expansion...

Addis Ababa Unveils Massive Eco-Tourism and Urban Restoration Project at Entoto Kechene

The Entoto Kechene River Catchment Development Project: Addis Ababa's New Destination for Nature, Culture, and Tourism As part of...