A Financing Agreement signed between the FDRE Ministry of Finance and the World Bank

May 16, 2022

May 16, 2022 - A Financing Agreement amounting to US$300 million (ETB 15.6 billion) was signed in the form of Grant between the FDRE Ministry of Finance and the World Bank in support of the reconstruction and recovery of conflict affected areas of the country.

The resource will be used to finance the activities designed to support communities in conflict affected areas to re-access basic Services of education, health, water supply and a special support to survivors of gender-based violence within the areas affected by conflict.  The proceeds will finance activities of Rebuilding and Improving Access to Basic Services and Community Infrastructure and support the strengthening of short- and medium-term Gender Based Violence Response Services for the survivors in the targeted regions.

The project will be implemented in selected woredas of Amhara, Afar, Tigray, Oromia and Benishangul. In high conflict areas, the project will be implemented by selected third party institution on behalf of the Government based on an agreement that the Government will enter.

The Agreement was signed by H.E. Ahmed Shide and Mr. Ousmane Dione representing the Ministry of Finance and the World bank Country respectively.