Germany Pledges 80m Euro Grant

Dec 19 , 2021

The government of Germany has made a commitment to grant Ethiopia 80 million euros. The grant was announced during a meeting between Ahmed Shide, minister of Finance, and Auer Stephan, ambassador of Germany to Ethiopia. The grant is slated to be used for productive safety net programmes, food system resilience projects, good governance, land use planning, agricultural mechanisation and drought resilience programmes. In 2020/21 the country received close to two billion dollars in external loan commitments with an average maturity period of 31 years. The figure is 58pc less than the 4.7 billion dollars that were committed the year before.



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