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Ethiopia, Denmark sign $150 million grant agreement

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Addis Ababa, November 22, 2018 (FBC) – The Governments of Ethiopia and Denmark today signed grant agreement amounting 150 million US dollars for the implementation of Danish country program for Ethiopia, which will run through 2022.

As per the agreement, the finance will be utilized to support national plans of Ethiopia, according to the Ministry of Finance

The program is expected to upgrade market driven value chain development for the benefit of small farmers through an inclusive and environmentally sustainable approach.

The program provides improved food security and asset creation in rural areas while also contributing to efforts to transform the natural environment and improve nutrition, including communities hosting refugees.

The country program will also focus on enhanced climate resilient livelihoods, while maintaining and improving carbon stocks and other eco-system services and products.

The program will work in promoting democratic governance and human rights in Ethiopia through enhancing the capacity of governance institutions.