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Ethiopia, EU sign over €33m grant agreement

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Addis Ababa, May 8, 2019 (FBC) -The Government of Ethiopia and the European Union (EU) have signed a financing agreements amounting to 33.5 million Euros for the EU-TRUST Fund for Disaster Risk Reduction project.

The agreement was signed here today by Admasu Nebebe, Ethiopia’s State Minister of Finance and Mr. Erik Habers, Head of Cooperation of the European Delegation to Ethiopia, according to a press release issued by the Ministry.

The Disaster Risk Reduction project will focus on strengthening households, communities and local authorities to manage and adapt to disasters and other risks, thus reducing their humanitarian and economic impact, including forced displacement and irregular migration.

According to the Ministry, the project will be implemented in 54 months (2019-2023) by NGOs, National Disaster Risk Reduction Management Agency in Somali, SNNP, Oromia and Amhara regional states.