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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.

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