Sweden sign 120 mln USD agreement to support Ethiopia’s development

Ethiopia, Sweden sign 120 mln USD agreement to support Ethiopia’s development

ADDIS ABABA, July 27 (Xinhua) — Ethiopia and Sweden on Thursday signed a 2.82 billion Ethiopian birr (over 120 million U.S. dollars) grant agreement to enhance climate change resilience and improve livelihood opportunities.

The framework agreement, which was signed between Admasu Nebebe, State Minister of the Ethiopian Finance and Economic Cooperation and Annika Nordin Jayawardena, Bilateral Development Cooperation Head at the Swedish Embassy in Ethiopia, also aims to promote sustainable and democratic development in Ethiopia.

The agreement is used as a framework which leads the development cooperation of the two countries up to 2020, according to a statement issued by the Ethiopian Ministry of Finance and Economic Cooperation on Thursday.

According to the ministry, the commitment made on Thursday will be applicable for various projects to be implemented in the east African country during the reported period.

Nebebe, while signing the agreement, affirmed that Sweden has been supporting Ethiopia in education, health, water supply and rural development projects since the 1960s.

Jayawardena, on her part, also said that the agreement will contribute to building the capacity of the Ethiopian federal government and regional states in natural resources development and other sectors.

She also indicated that the framework agreement will contribute to efforts in curbing the effects of climate change and the implementation of Ethiopia’s green economy plan.