African Development Fund grants $84 million to Ethiopia

Ethiopia and the African Development Fund have signed a development support agreement worth $84.3 million (4.5 billion birr) to be used for wheat production and productivity improvement.

Of the development support, $54 million from the African Development Fund, $20 million from the Dutch government, and $10.3 million were given by other organizations.

The grants is used to improve the production and productivity of smallholder wheat farmers, and to achieve this, the support is used to produce environmentally friendly wheat, develop market infrastructure and linkages, and manage projects in the sector.

According to the Ministry of finance Ethiopia, the agreement was signed by the Minister of Finance Ahmed Shide and Dr. Abdul Kamara, Deputy Director of the African Development Bank in East Africa, on behalf of the African Development Fund.

Last week, Ethiopia signed a $460 million grants agreement with the World Bank.


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