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Ethiopia: Country Secures 23.2 Billion Birr Foreign Aid, Loan - Media
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The Daily Monitor (Addis Ababa)
9 August 2007
Posted to the web 9 August 2007
Addis Ababa
The Ministry of Finance and Economic Development (MoFED) said Ethiopia benefited from a total of 23.2 billion Birr foreign loan and aid during the past Ethiopian budget year, a stat media reportedciting the ministry on Wednesday.
Public Relations and Information Department Head with the Ministry, Getachew Admassu told Ethiopian News Agency that According the Ethiopian News Agency (ENA), 15.9 billion Birr of the stated sum was secured in aid while the balance in loan.
"Some 20.2 billion Birr loan and aid was obtained from multilateral institutions while the remaining 3.0 billion Birr was secured from development partner governments," the report cited the Public Relations and Information head as saying.
The report indicated that Britain, Sweden, Canada, Ireland, France, Germany, Japan, China, the Netherlands, the USA and Finland were among the development partners who extended aid to Ethiopia during the reported period.
According to the report, 80 per cent of the aid came from Britain, Sweden, Canada and France while Saudi Arabia and Italy were among the development partner governments who granted loan to the country.
The World Food Program (WFP), UNICEF, Africa Development Fund (ADF), UNDP, UNFPA were among multilateral institutions, which provided aid and loan to Ethiopia during the reported period, the report indicated.
The report addd that 11.4 billion Birr obtained in loan and aid agreement signed with development partners was disbursed during the reported budget year.
Major countries and development partners, which disbursed the budget include, among others, Britain, Canada, Italy, USA, the International Development Association (IDA), the European Union (EU), the African Development Bank (ADB), and the African Development Fund (ADF).
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The disbursed external resource was used to construct roads, educational, health and potable water projects.
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