Ethiopia and UK Sign 14.9 Billion Birr Grant Agreement

Note: 14,900,000,000 ETB = 814,539,394 USD = 622,435,544 Euro = 507,332,718 GBP

Addis Ababa, January 8, 2013 (WIC) – Ethiopia and UK today signed 14.9 billion birr grant agreement.

The agreement was signed between Sofian Ahmed, Minister of Finance and Economic Development and Melanie Robinson, Director of Department for International Development (DFID) in Ethiopia.

Sofian on the occasion said the accord would help Ethiopia to intensify its fight against poverty, expedite the growth and transformation plan (GTP) and efficiently utilize its natural resources.

Robinson on her part said the UK would continue its support to Ethiopia.

The grant would be utilized to expand road, education, potable water, health and other infrastructure in all parts of the country, it was noted. (FBC)