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Thursday, May 26, 2022

EU provides €170 million to Ethiopia

The European Union (EU) announced it will provide €170 million to Ethiopia to support the ongoing reforms.

In a statement, EU said €100 million will be used for key economic reforms in the transport and logistics sectors.

“Ethiopia has given hope to a whole Continent and beyond, showing that peace with one’s neighbours, for the good of the people, is possible, when there is courage and vision. I am here today to show the European Union’s full commitment to supporting Ethiopia and its people on their future path,” the statement reads in part.

The statement notes that €50 million to support the Government of Ethiopia’s Health Transformation Plan for three additional years (2020-2022).

This programme aims to reduce inequalities, improve the quality of health facilities and reduce the financial barriers people face to access essential services.

Ethiopia is a key partner for the EU in the region. It has taken a leading role in promoting economic integration, peace and stability in East Africa, whilst implementing an ambitious national reform agenda.

The EU’s development cooperation with Ethiopia is one of the largest in Africa and in the world – amounting to €815 million for the period 2014-2020.

Moreover, the country is also one of the major beneficiaries of the EU Emergency Trust Fund for Africa – over €271.5 million for 2015-2019.

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