Germany announces €120m support package to Ethiopia

Addis Ababa, April 30, 2020 (FBC) –Germany has announced a support package of €120 million to help Ethiopia address the negative economic impact of the coronavirus (COVID-19) pandemic.

The funds will support the macroeconomic stability of the country, safeguarding of jobs in textile industry and procurement of medical goods in collaboration with WHO.

In a letter wrote to Prime Minister Dr Abiy Ahmed, Gerhard Müller, German Minister for Economic Cooperation and Development said “We stand by Ethiopia in this crisis.”

“The commitment is made in the context of Germany’s and Ethiopia’s reform partnership concluded last December, supporting Ethiopia’s ambitious economic reform agenda,” said the German Embassy in Addis Ababa.