Ethiopia Secures 152.7b Br Aid, Grant

Ethiopia has sourced close to 152.7 billion Br in foreign aid and grants during the past fiscal year.

The money was secured through multilateral agreements with the World Bank, African Development Bank, European Investment Bank, European Union and United Nations, as well as bilateral agreements with China and other countries.

The past fiscal year’s foreign aid and grants total is 54.48pc higher than the value gained the previous year.

The Ministry of Finance & Economic Cooperation also reported that it has secured 111.8 billion Br for the implementation programs, which is 41pc higher than the previous year.

Financial aid flows for projects has increased due to the country’s performance in implementing programmes, according to a press release from the Ministry.

Published on Aug 25,2018 [ Vol 19 ,No 956]



Currently, Ethiopia has a state of affairs where the centre is struggli...


The incidence of abuse against migrant workers has raised concerns abou...


On Saturday, Prime Minister Abiy Ahmed (PhD) inaugu...


Despite being a continent with abundant energy resources, a great chunk...


When the first telephone was installed in Emperor Menelik II’s palace...


The City Administration of Addis Abeba will open over 161,000 jobs oppo...

View From Arada

Asmera and Addis Abeba are two cities with similar beginnings and influ...


Business Indicators


Editors Pick