April 14, 2022
1 min read

World Bank announces $300 mn rehabilitation fund for Ethiopia

The World Bank has announced it has approved a $300 million rehabilitation fund for Ethiopia…reports Asian Lite News

In a press statement, the World Bank on Wednesday said the newly approved funds will be used to rehabilitate those affected by conflict and its consequences in various parts of the east African country.

“Conflicts in Ethiopia have resulted in loss of lives, humanitarian crises, destruction of private and public assets and have left communities in dire need of support,” the statement added.

“Conflicts have also caused the displacement of thousands of people throughout Ethiopia and have further exacerbated the incidence of gender-based violence, particularly against women and girls,” it said.

ALSO READ: UAE pledges $85 million for Ethiopia relief

The World Bank added that the new funds will support efforts to address the immediate needs of communities, rehabilitate infrastructure destroyed by conflict and increase community resilience to the impact of conflict in a sustainable manner, Xinhua news agency reported.

The $300 million funds will cover the needs of at-risk people in Afar, Amhara, Benishangul-Gumuz, Oromia and Tigray regional states, which host a large number of internally displaced people.

The World Bank statement also said the project for the newly released funds will be implemented by federal, regional, community-based organizations as well as independent third-party entities.

Previous Story

Lankan envoy confident of getting Chinese assistance

Next Story

Daesh terrorist gets whole-life sentence for Amess’ murder

Latest from AFRICA NEWS

Kabila returns to Congo from exile 

Kabila, who left Congo in 2023, came to Goma “to participate in peace efforts” in the conflict-hit east where Rwanda-backed M23 rebels have seized large swaths of territory  Former Congolese President Joseph

India, Tanzania discuss strengthening bilateral ties 

Tanzania and India have traditionally enjoyed close, friendly, and cooperative relations. From the 1960s to the 1980s, the political relationship was characterised by shared commitments to anticolonialism, non-alignment   India’s External Affairs

INS Sunayna arrives in Mozambique 

 The port call marks a significant milestone, enhancing maritime cooperation and interoperability between the Indian and Mozambique Navies   The Indian Navy’s INS Sunayna, currently deployed as part of the Indian Ocean
Go toTop

Don't Miss

High ranking Sudan police killed in fresh protests

A high-ranking Sudanese police officer was killed during fresh protests

 UAE condoles with South Africa over flood victims

The UAE has expressed its sincere condolences and solidarity with