World Bank to provide USD 200 million financial aid to Ethiopia
World Bank to provide USD 200 million financial aid to Ethiopia
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Ethiopia is set to receive  USD 200 million in financial help from the World Bank, according to a World Bank official. In a social media post, Minister of Labour and Skills Development Muferiat Kamil said, "The fund will be used to produce skilled people and strengthen the ability of state-owned technical and vocational training schools."

Kamil stated that she met with World Bank officials to discuss methods to provide Ethiopians with high-quality work opportunities. Both parties also had discussions about broad strategic concepts.

The Ethiopian government and the World Bank struck a USD300 million funding arrangement in May to support the reconstruction and recovery of Ethiopia's conflict-affected districts.  The USD300 million funding will be used to fund programmes aimed at assisting populations in conflict-affected areas in regaining access to fundamental services such as education, health care, and water supply.

The initiatives will be carried out in a number of districts across Ethiopia's conflict-torn Amhara, Afar, Tigray, Oromia, and Benishangul-Gumuz regional states.

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