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Ethiopia Secures USD 405 Million Grant from the World Bank

World Bank Ahmed ShideFinance Minister Ahmed Shide and World Bank’s Director for Regional Integration for Sub-Saharan Africa, the Middle East, and North Africa Boutheina Guermazi inked a grant agreement which extended a USD 405 million grant to Ethiopia.

From the total fund granted by the World Bank, USD 195 million would be allotted to control the impact of COVID-19 and USD 210 million would be allocated to support the Ethiopia Ground Water for Resilience Project, it was learned.

World Bank Country Director Ousmane Dione stated during the signing ceremony that his office was fully committed to help the Ethiopian Government achieve quality and equitable access to COVID-19 vaccines. The grant that will be allotted to support the fight against COVID-19 will be used to help cover the costs of Ethiopia’s COVID-19 Emergency Response Project.

Speaking on the support that would be provided to the ground water project, Ahmed Shide noted that the project would help in the response to the severe drought Ethiopia was facing by addressing the systemic water shortage issues in a sustainable manner.


Source (Including Image): Ethiopian News Agency