The joint letter of intent was signed in the presence of Prime Minister Abiy Ahmed. The letter of intent lays the foundation of the new reform partnership between Germany and Ethiopia, said the statement. Accordingly Germany will support Ethiopia’s reform agenda by contributing to the World Bank’s Growth and Competitiveness Program (Development Policy Operation –DPO) the goals of which reflect the central reform priorities of the Ethiopian government. “With all these measures Germany aims to support the Homegrown Economic Reform Agenda of the Ethiopian government,” the statement further said. In 2019 alone Germany intends to commit a total of €352.5 million for the above mentioned areas.

Source: Ethiopian News December 02, 2019 08:37 UTC