Ethiopia: #asdailyscoop - Ethiopia Secures €182 Million During PM Abiy's Latest Visit to Italy

8 February 2023
Addis Standard (Addis Ababa)

Addis Abeba — As part of the Ethiopian Italian Cooperation Framework 2023-2025 which was announced during the Prime Minister Abiy Ahmed visit to Rome on 06 February, the two countries have signed agreements worth 140 million Euros (100 million soft loans and 40 million grant).

According to a statement sent to Addis Standard by the Italian Embassy in Addis Abeba, the agreement was signed by the Italian President of the Council of Ministers Giorgia Meloni and PM Abiy Ahmed.

"The Cooperation Framework agreement has two main pillars of action: economic development and job creation and access to basic services. Particular importance is devoted to vocational training that will foster job creation, to basic services in particular health, education and water and environment," the press release said.

Two additional agreements for new programs; "Minimizing investment risk in the Ethiopian coffee sector and institutional support to the Ethiopian coffee authority (ECTA)" worth 10.5 million Euros, and another initiative, "WaSH, resilience, energy in Ethiopia's lowlands" worth 31.5 million euros have also been signed during the visit, by the Italian Deputy Prime Minister, Antonio Tajani, and the Ethiopian Minister of Finance, Ahmed Shide.

This brings the total total amount of the agreements signed in Rome to €182 million, according to the statement, increasing Italy financed development initiatives in Ethiopia in recent weeks to 200 million Euros. AS

Read the original article on Addis Standard.

Tagged:
Copyright © 2023 Addis Standard. 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 400 reports a day from more than 100 news organizations and over 500 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.