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Ethiopia, UK Ink Pound 120 Million Grant Agreement

Addis Ababa Ethiopian and the United Kingdom have signed two grant agreements worthing 120 million British pound sterling today.

State Minister of Finance, Admasu Nebebe and Secretary of the State for International Development, Alok Sharma, signed the memorandums of understanding (MoU) on behalf of the government of Ethiopia and the United Kingdom.

A grant amounting 95 million pounds sterling will be used to finance Climate Resilient System of Water, Sanitation and Hygiene service (SCRS-WaSH) and a second the other 25 million pound sterling will be used to finance phase 4 of the Ethiopian Productive Safety Net Program.

It was learned that the overall objective of the SCRS-WASH programme is to improve access to climate resilient water, improved sanitation services and good hygiene practices for 1.2 million people in the prioritized drought affected and drought-prone areas of the country.

The additional finance to the Ethiopian Productive safety Net phase 4 program is aimed at increasing access to safety net and disaster risk management system, complimentary livelihood services and nutrition support for food insecure households.

On the occasion, State Minister, Admasu Nebebe said the agreement will provide much needed support to meet the GTP goals of the country and demonstrates the UK's unweaving commitment to fulfill its international pledge through its support for Ethiopia's development efforts.

British Secretary of State for International Development, Alok Sharma, said that Ethiopia is the strategic partner of the UK and pledged UK's commitment to further strengthen its support for Ethiopia.

Source: Ethiopian News Agency