Aug 27 , 2022
The Ministry of Finance has signed a 165 million dollar loan and grant agreement with the World Bank Group for the extension of a sustainable land management programme that looks to curb land degradation and improve productivity. Ministry officials intend to implement the project in eight regional states including the Amhara, Oromia, Southern, and Sidama regions. They say the project will also reach the Tigray Regional State, although the nearly two-year-old civil war in the area flared up again last week. The project is hoped to benefit four million people residing in 217 watersheds through sustainable land management activities. A third of the funding (58 million dollars) is sourced from the Green Climate Fund in the form of a grant. The balance is a long term loan from the Bretton Woods Institution. The sustainable land management programme was first launched in 2008.
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