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://addisinsight-net.addisethiopiarestaurant.com
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.
spot_img

Related articles

The Mastercard Foundation Fund for Resilience and Prosperity calls for proposals from African SMEs and entrepreneurs in the agricultural sector.

Selected SMEs will receive support from the Fund, including grants ranging from US$ 500,000 to US$ 2,500,000, disbursed...

Dodai Sets New Standards for Electric Mobility at a Spectacular Launch Event

Dodai, a pioneering Ethiopian electric mobility startup, conducted a historic launch ceremony, marking a watershed moment in the...

251 Communications Unveils Its Bold Rebrand

Embracing "The Now-The Future" of MarketingAddis Ababa, Ethiopia (March 28, 2024) – 251 Communications, a leading Ethiopian communications...

Yango Celebrates Its Drivers on Driver Appreciation Day in Ethiopia

A special Iftar program for Muslim driversAddis Ababa, Ethiopia – March 28, 2024 – Yango, an international tech...