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Planning Commission, Diaspora Trust Fund sign MoU on technical cooperation

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Addis Ababa, July 19, 2019 (FBC) –A memorandum of understanding (MoU) on technical cooperation has been signed between the National Planning Commission and the Ethiopian Diaspora Trust Fund (EDTF).

The MoU was signed yesterday by Dr Fitsum Assefa, Planning Commission Minister and Fikre Zewde, Executive Director of the Ethiopian Diaspora Trust Fund.

According to the agreement, the Commission would offer technical and other related assistances to the Fund.

EDTF is a non-profit organization working in coordination with the government to directly involve Diaspora Ethiopians in improving the lives of the Ethiopian people by raising funds for vital socio-economic projects in Ethiopia.

The primary objective of the Fund is to finance people-focused social and economic development projects.

It aims to finance projects that meet critical needs selected based on their potential to make the highest positive impact on groups and communities in Ethiopia in such areas as health, education, water and sanitation facilities, habilitation and rehabilitation of persons with disability, agricultural development, technology, small scale entrepreneurship and other income and employment generating projects.

The EDTF will give priority attention to projects focusing on youth, women, small holder farmers, small enterprises and entrepreneurs, who can be agents of inclusive social and economic development.