Ethiopia and Korea International Cooperation Agency (KOICA) signed a 10 million dollar aid agreement in Addis Ababa.
The financial assistance agreement was signed by the Minister of State for Finance, Sumerita Sewasew, and the head of KOICA in Ethiopia, Lee Byunghwa.
The financial support is to be used to modernize Ethiopian agriculture, especially to increase the productivity of milk and milk products.
The Ministry of Finance announced in a statement that, the project which will increase milk productivity, will be implemented in the next six years.
The project will focus on supporting farmers engaged in dairy farming and animal husbandry.
The purpose of the project is to provide improved milk cows to the farmers, increase milk productivity, expand the market opportunities of organized milk suppliers, and establish more other practices.
Ethiopia is the first in Africa and 10th in the world in the number of cattle and previous studies have shown that, the annual milk consumption of an Ethiopian is less than 10 liters.
Following the lack of milk consumption, Ethiopia has become one of the countries in the world with children suffering from food shortages.