Dec 12 , 2020
The Ministry of Finance and Danske Bank, a Danish commercial bank, signed a loan financing agreement amounting to close to nine million euros last Friday, December 11, 2020. The loan has been acquired for the implementation of a Public Sector Investment Facility (PIF) project in Ethiopia dubbed the "Meteorological observation infrastructure and forecasting capabilities of the National Meteorological Agency." The project aims to improve the efficiency of operations and forecasting of the Ethiopian meteorological observation network and ensure efficient early-warning service with more accurate forecasts and longer lead times. The project also looks to create a centralised data collection system and a sustainable solar power supply to the existing weather radar. The project is set to cost a total of 13 million euros, with the remaining amount to be provided by the Ministry of Foreign Affairs of the Government of Finland.
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