EU Responds to COVID-19 with 19b Br

Jun 20 , 2020

With joined arms, the member states of the European Union have mobilised 19 billion Br to support the fight against the health crisis and the social protection system needs necessitated by the Novel Coronavirus (COVID-19) pandemic. The support includes money for the Ethiopian health system and quarantine hubs, social protection enhancement, livelihood recovery and overall economic responses. Team Europe, which is the epicentre of this endeavour, is also contributing 60 million euros to the Intergovernmental Authority on Development (IGAD) for regional coordination to support border facilities, continuity of health services, efforts to ensure critical supply chains for safe trade and the promotion of digital solutions for health responses to COVID-19. Austria, Belgium, the Czech Republic, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Poland, Slovakia, Spain and Sweden have taken part in the mobilisation of resources.



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Vendors put traditional beauty products from the Somali Regional State for sale around Mexico area. In November of last year, the Ministry of Finance banned imported goods under 38 categories, including cosmetics, packed foods, and furniture, from accessing letters of credit. The move resulted in the tripling of costs for cosmetic items like lipstick and nail polish. As Ethiopia ran a 14 billion dollar merchandise trade deficit last year due to import bills hiking by 26pc , a tight clampdown on...