Ethiopia and the World Bank have signed a $400 million financial support agreement for human resource development in an online ceremony.
Of the $400 million signed in the agreement, $350 million are development support and $50 million are loans.
The financial support is used for the development of human resources and to improve the quality and effectiveness of education and to enhance the service of the food system.
The Ministry of Finance announced that girls and teenagers across the country will benefit from the World Bank’s financial support.
The human resource development service includes areas affected by conflict and drought to strengthening the delivery of social services and establishing accountability.
The financial support will help to ensure the effective teaching and learning process and will help to prevent child stunting by enhancing the food system services in selected districts.
Finance Minister Ahmed Shide and World Bank’s East Africa head Mr. Osman Dion has been signed the grant agreement.
World Bank is one of the major source of finance to Ethiopia in loan and grant.
Last Monday, the World Bank grants $60 million to three conflict affected regions in northern Ethiopia.
