6 December 2012

Ethiopia and Japan Sign a 310 Million Birr Grant Agreement

Ethiopia and Japan signed a 310 million birr agreement on Wednesday (December 5th) at the Ministry of Finance and Economic Development in Addis Ababa.

The agreement was signed by Ahmed Shide, State Minister of Finance and Economic Development and Ambassador of Japan to Ethiopia, Ambassador Heroiki Kishini. Most of the grant will be used to build elementary and secondary schools in the Southern Nations Nationalities and People's Regional State, while 16 million birr will finance the renovation of the Debre Markos- Limalimo Road in the Amhara Regional State.

Ahmed Shide said that Ethiopia greatly appreciated Japan's development aid including the provision of loans with low interest rate to support Ethiopia's development efforts. He also called for increased support to strengthen bilateral relations between the two countries and raise them to an even higher level. Ambassador Heroiki Kishini reaffirmed Japan interest in continuing its support in building schools to help Ethiopia achieve its Growth and Transformation Plan.

He also noted that Japan will continue its policy of supporting Ethiopia through increased investment.

Copyright © 2012 Government of Ethiopia. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.