Apr 15 , 2024
European Union delegation pledges continued humanitarian aid, strong trade ties, and support for major infrastructure projects in Ethiopia, during a press conference held at its headquarters on Cape Verde Road. The announcement comes in light of Hope Day celebrations held on May 9th, which marks a significant step towards the formation of the Union 71 years ago. Outgoing EU Ambassador to Ethiopia, Roland Kobia, put forth a historical context of the Union's formation in post-World War II Europe, emphasising peace as the cornerstone of development. He asserted the Union's willingness to assist in resolving conflicts in several parts of Ethiopia and plans to reinstate budgetary support, conditional on reforms to the macroeconomic policy framework. EU is the largest contributor to the African Union (AU), providing approximately 40pc of the annual budget exceeding 600 million dollars. Niño Pérez, EU Ambassador to the AU, reiterated the commitment to Africa's continued development by strengthening economic and political ties.
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