News: Ethiopia moves closer to securing $300 million WB loan for rural connectivity project - News Summed Up

News: Ethiopia moves closer to securing $300 million WB loan for rural connectivity project


(Photo: globalresiliencepartnership.org)Addis Abeba – The government has initiated a study document to secure a $300 million loan from the World Bank for its upcoming project, “Rural Connectivity for Food Security. In 2021, the government requested a loan from the World Bank after submitting a concept document in October of the same year. The primary objective of the project is to construct 108,797 kilometers of rural roads, connecting 5921 kebeles that currently lack all-season roads. With a population of over 120 million, about 80% of Ethiopians reside in rural areas with insufficient road infrastructure. Despite significant improvements in road connectivity, farmers in Ethiopia still face challenges in accessing markets effectively.


Source: Ethiopian News August 30, 2023 13:29 UTC



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