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Organization of the Petroleum Exporting Countries (OPEC) has concluded a 20 million USD loan agreement with Ethiopia. The agreement was signed in Vienna, Austria.

Ethiopia signed an agreement with the African Development Bank (ADB) for the loan of 327 million dollars to be used for the supply of potable water and other basic infrastructures, Walta Information reported.

Ethiopia borrowed Euro 22 million from Italy to support the development of its Integrated Agro-Industrial Parks (IAIPs) and Rural Transformation Centers (RTCs). It was reported that in order to achieve this objective, the loan would be used to strengthen the capacities of the National and Regional Industrial Park Development Corporations and create linkages between farmers’ organizations and agro-processors through innovative contractual agreements.

Ethiopia concluded a 337 million euro loan agreement with the government of France yesterday.

The government of France offered 70 million of the 337 million as a grant and the balance as a loan.

The money is intended to be used to finance the country’s five-year Growth and Transformation Plan, especially development programs in the energy, urban infrastructure, agriculture as well as water and sanitation sectors.

Source: Walta Information Centre

In the 9 months of the current fiscal year, Ethiopia purchased goods and services worth 15 billion Birr from local and foreign suppliers.