Ethiopia signs 25 million Euros Financing Agreement with Italy
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The Federal Democratic Republic of Ethiopia and the Government of Italian Republic signed a 25 million Euros financing agreement.
Out of the total amount of the financing agreement, 13.5 million Euros is grant and 11.5 million Euros is soft loan that intended for the environmental and green economy development through the strengthening of the country’s economy system and its environmental and natural resource features.
Moreover, the financing agreement supports the government initiatives, Gebeta Letewled, that focuses on environmental and biodiversity construction and rehabilitation, sustainable urban land use and investments on ecosystem services and tourism.
H.E. Ato Ahmed Shide, the finance minister and H.E. Mr. Agostino Palese, Ambassador of the Italian Republic to the Federal Democratic Republic of Ethiopia signed the agreement.
