FSRP

Ethiopia and the World Bank have inked a financing agreement worth US$ 715 million (about 36.5 billion ETB), according to a press release from the ministry of finance. The financing agreement, amounting to 600 million USD (200 million USD in the form of a grant and 400 million USD in the form of credit), is for the implementation of the Food Systems Resilience Program (FSRP). The Horn of Africa Project’s De-risking, Inclusion, and Value Enhancement of Pastoral Economies (DRIVE) will be carried out with the remaining 115 million USD in the form of a grant. Increased food system resilience and…