The Ethiopian Government and the International Fund for Agricultural Development (IFAD) have signed a 69.2 million dollar grant agreement to implement Phase II of the Lowland Livelihoods Resilience Project (LLRP II). The grant agreement was signed by Finance Minister Ahmed Shide and IFAD President Alvaro Lario. The project targets climate resilience and improved livelihoods for three million people in pastoral and agro-pastoral communities. Co-financed by the World Bank, LLRP II covers eight regions and focuses on climate-smart livelihoods, commercialisation, rangeland management, and disaster risk reduction. The initiative builds on the achievements of Phase I, notably in early warning systems and climate-resilient agriculture. The signing took place during the UN Food Systems Summit held in Addis Abeba on July 29, 2025.