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HomeispotEthiopia, Italy sign 696 mln birr loan and grant agreement

Ethiopia, Italy sign 696 mln birr loan and grant agreement

Ethiopia and Italy have signed a 696-million-birr loan and grant agreement aimed at improving urban water and sewerage services, according to Ministry of Finance and Economic Cooperation (MoFEC).
The agreement was signed by Finance and Economic Cooperation State Minister Admasu Nebebe and Italian Ambassador to Ethiopia Arturo Luzzi.
According to MoFEC Public Relations Director Haji Ibsa, the agreement targets to improve urban water and the sewerage service at different levels.
The director added that 158 million birr of the total is in grant agreement and the remaining 538 million birr in long-term loan.
The agreement will be implemented jointly by Italian Development Cooperation and Water, Irrigation and Electricity Ministry, it was learned.

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