The Ethiopian government and the World Bank have 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, was signed by Ethiopia’s Finance Minister, Ahmed Shide and the World Bank’s country representative to Ethiopia, Ousmane Dione, the Ethiopian Finance Ministry disclosed in a statement issued on Monday. The resource will be used to finance activities designed to support communities in conflict-affected areas to re-access basic services of education, health and water supply, according to the Ministry. The Ministry said the funding will include special support to survivors of gender-based violence within the areas affected by conflict. The project will be implemented in selected districts of Ethiopia’s conflict-affected Amhara, Afar, Tigray, Oromia and Benishangul-Gumuz regional states, the Ministry added.

Source: Ethiopian News May 17, 2022 05:38 UTC