Ethiopia and U.S. sign development assistance deal worth US$1.54 billion
A financial deal amounting to $1.54 billion and aimed at boosting the Growth and Transformation Plan was signed between Ethiopia and the United States on Tuesday.
Finance and Economic Development State Minister, Ahmed Shide, and USAID Mission Director, Tomas Staal, signed the agreement on behalf of their respective governments in Addis Ababa.
State Minister, Ahmed Shide, said that funds would help to improve the nationís education, health and agriculture sectors, and they are expected to be utilized for the implementation of the nationís strategies in these sectors focusing on quality improvement in service delivery besides improving governance.
USAID Mission Director Tomas Staal stressed that the finance would be channelled into development and humanitarian assistance in the first year of the new five-year Country Development Cooperation Strategy. The US Ambassador to Ethiopia, Donald Booth, attending the signing ceremony reaffirmed that the United States would continue its support to the success of Ethiopiaís development.