Ethiopia, World Bank Agree $300 Million Grant For Reconstruction

Ethiopia, World Bank Agree $300 Million Grant For Reconstruction (News Central TV)

Ethiopia and the World Bank have agreed to a $300 million grant to promote reconstruction and recovery in conflict-affected areas, according to Ethiopia’s finance ministry.

Since a unilateral ceasefire by the federal government in March, fighting in Tigray’s northern area, which spilled over into neighboring Afar and Amhara last year, has subsided.

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

Ethiopia’s Minister of Finance Eyob Tolina

Education, health, water supply, and a special effort to support survivors of gender-based violence in conflict-affected communities are among the services that will benefit from the $300 million, according to the report.

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The monies will be distributed in Amhara, Afar, Tigray, and the Oromia and Benishangul-Gumuz regions, according to the statement, which also stated that the government would partner with third-party organizations to carry out the initiative in high-conflict areas.

Separate from the battle in Tigray is the violence in Oromia and Benishangul-Gumuz, which are home to various ethnic groups.

Meanwhile, two week ago, the World Bank has approved more than US$100 million in loans to help Cameroon tackle food and nutrition insecurity.

It will benefit more than 419,000 people, including 260,000 food insecure and vulnerable people and 159,000 farmers, pastoralists and fishermen from crisis affected communities based in the Far North, North, Northwest, Southwest, Adamawa, and East regions.

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