Ethiopia, Italy to Sign Loan Grant AccordSeptember 16, 2017 - Ethiopia and Italy signed a cooperation framework that would last for three years, reports Ethiopian News Agency. Through the framework, the government of Italy will extend 125 million Euros development assistance to Ethiopia. Of the total assistance the 45 million Euros is extended in the form of grant, while 80 million Euro in the form of loan. The cooperation framework is crucial to support the efforts of the Ethiopian government to achieve comprehensive and sustainable development. The accord was inked by Ethiopia’s State Minister of Finance and Economic Cooperation, Admasu Nebebe, and Italian Ambassador to Ethiopia, Giuseppe Mistretta.

Source: Ethiopian News September 17, 2017 00:11 UTC