Ethiopia, World Bank sign $300mn grant agreement for reconstruction

NAIROBI: Ethiopia and the World Bank have signed an agreement for a $300 million grant to help with reconstruction and recovery in conflict-hit areas, the finance ministry said.

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“The resource will be used to finance the activities designed to support basic services of education, health, water supply and a special support to survivors of gender-based violence within the areas affected by conflict,” the ministry said in a statement late on Monday.