Ethiopia to receive USD 200mn financial assistance from World Bank
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thiopia is set to receive USD 200 million in financial assistance from the World Bank, an official said here.
"The funds will be used to build skilled manpower and boost the capacity of state-owned technical and vocational training institutes," Xinhua news agency quoted Minister of Labour and Skills Development Muferiat Kamil as saying in a social media post.
Kamil said she held discussions with World Bank officials on ways to create high-quality job opportunities for Ethiopians.
Both sides also held discussions relating to broad strategic ideas.
The Ethiopian government and the World Bank in May 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, will be used to fund activities designed to support communities in conflict-affected areas to re-access basic services of education, health and water supply.
The projects will be implemented in selected districts of Ethiopia's conflict-hit Amhara, Afar, Tigray, Oromia and Benishangul-Gumuz regional states.
✔️ Ethiopia to receive USD 200mn financial assistance from World Bank
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