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Home›International Banks›Ethiopia and World Bank agree $300m grant for reconstruction

Ethiopia and World Bank agree $300m grant for reconstruction

By Jon McLane
May 17, 2022
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People walk through the bus station in Megenagna district in Addis Ababa, Ethiopia November 3, 2021. REUTERS/Tiksa Negeri/File Photo

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ADDIS ABABA, May 17 (Reuters) – Ethiopia and the World Bank have signed an agreement for a $300 million grant to help with reconstruction and recovery in conflict-affected areas, the ministry said. Finance.

Fighting that erupted in the northern Tigray region in November 2020 and spread to neighboring Afar and Amhara last year, has eased since a unilateral federal government ceasefire in March. Read more

“The resource will be used to fund activities designed to support…basic services,” the ministry said in a statement late Monday.

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Services that will benefit are education, health, water supply and a special effort to support survivors of gender-based violence in conflict-affected areas, he said.

Amhara, Afar, Tigray areas and Oromia and Benishangul-Gumuz regions are targeted to receive the funds, he said, adding that the government would sign with third-party organizations to implement the project. in areas of high conflict.

The violence in Oromia and Benishangul-Gumuz, where several ethnic groups live, is distinct from the war in Tigray.

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Report from Addis Ababa Newsroom; Additional reporting by George Obulutsa in Nairobi; Editing by Clarence Fernandez

Our standards: The Thomson Reuters Trust Principles.

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