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Ethiopia and the World Bank Signed a US$110 Million Loan Agreement

worldbank-logoThe government of Ethiopia and the World Bank (WB) Thursday signed a US$110 million loan agreement to support the third phase of the Pastoral Community Development Project, The Ethiopian Herald reported.

The project is aimed at improveing access to community demand-driven social and economic services for pastoralists and agro-pastoralists.

Finance and Economic Development Minister Sufian Ahmed and World Bank Ethiopia Country Director Guang Z. Chen signed the agreement.

The fund will be used to support construction of health and educational facilities, veterinary clinics, small irrigation schemes and rural roads, among others.

Pastoralists in 113 pastoralist woredas in Afar, Somali, Oromia and Southern Nations, Nationalities and Peoples states will benefit from the project.

Source: The Ethiopian Herald