Ethiopia to receive $200mn financial assistance from World Bank


Addis Ababa, Jun 2 (IANS): Ethiopia is set to receive $200 million in financial assistance from the World Bank, an official said here.

"The funds will be used to build skilled manpower and boost the capacity of state-owned technical and vocational training institutes," Xinhua news agency quoted Minister of Labour and Skills Development Muferiat Kamil as saying in a social media post.

Kamil said she held discussions with World Bank officials on ways to create high-quality job opportunities for Ethiopians.

Both sides also held discussions relating to broad strategic ideas.

The Ethiopian government and the World Bank in May signed a financing agreement amounting to $300 million in support of the reconstruction and recovery of conflict-affected areas of Ethiopia.

The $300 million financing accord, which was made in the form of a grant, will be used to fund activities designed to support communities in conflict-affected areas to re-access basic services of education, health and water supply.

The projects will be implemented in selected districts of Ethiopia's conflict-hit Amhara, Afar, Tigray, Oromia and Benishangul-Gumuz regional states.

 

  

Top Stories


Leave a Comment

Title: Ethiopia to receive $200mn financial assistance from World Bank



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.