Mar 16 , 2024
Parliamentarians unanimously endorsed a series of loan agreements last week, aimed at advancing development across various sectors. Chief Whip Tesfaye Beljige highlighted the paramount importance of these loan agreements. A substantial amount of 228.2 million dollars has been allocated to fund the digital identity inclusiveness and service delivery project in collaboration with the International Development Association. A significant portion of 68.5 million dollars has been earmarked to bolster the logistical capabilities of the Mojo Dry Port while 200 million dollars has been allocated for education and training projects. With a repayment period of 38 years and a six-year grace period, these investments hold the promise of expanding digital service accessibility, enhancing trade operations and competitiveness on the global stage and supporting entrepreneurship skills Parliamentarians also approved an 83.5 million euro loan from the Italian government for the Boye Lake sustainable development project in the Jimma zone, Oromia Regional State, with a repayment schedule spanning 30 years, inclusive of a 16-year grace period. They reiterated the need for prudent use of funds from international institutions.
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