Fana: At a Speed of Life!

Ethiopia, Germany sign €74.5m grant agreement

0 662

Addis Ababa, October 23, 2019 (FBC) –Ethiopia and Germany today signed a financial and technical agreements amounting to €74.5 million.

The agreements were signed by Ethiopia’s State Minister of Finance, Admasu Nebebe and Ambassador of Germany to Ethiopia Brita Wagener.

The technical agreement aims to support three projects with a total of €28 million and  will be implemented through the Technical arm of the German Development Cooperation Agency, GIZ.

The projects are special initiative on “Training and Job Creation”: Jobs Partnership and SME Promotion with Ethiopia, Social and Economic Reintegration of Ex-Combatants and Conflict-Affected Groups and land governance in Ethiopia.

Similarly, the financial agreement worth €46.5 million will be used to finance two projects.

These two projects are strengthening the social and economic integration in concerned region and basket financing education.

The social and economic integration in concerned region will be implemented together with the International Organization for Migration (IOM) with an allocation of €10 million.

Today’s signing ceremony demonstrates the two countries’ growing cooperation and Germany’s strong commitment to support Ethiopia’s ongoing reform.

The two agreements are in line with the previous cooperation agreements signed on November 3, 2017 between the two governments.

Comments
Loading...