World Bank signs off $1.3bn aid package for Ethiopia

by Alleastafrica and agencies

2
World Bank signs off $1.3bn aid package for Ethiopia

ADDIS ABABA – The World Bank has signed a $1.3billion (R17.5bn) loan and grant agreement with Ethiopia to improve governance and fund an anti-poverty package that provides financial relief for people facing food shortages.

The bank said on Friday that a loan of $700million would be used to “improve equitable access to basic services and strengthen accountability” in education, health, agriculture and other sectors.

The remaining $600m was a grant to finance the Horn of Africa country’s “Rural Productive Safety Net” scheme, which is handing out cash or food to 8million people in exchange for participation in public development projects.

Some 8.5million people in Ethiopia need emergency food. In June, a warning was issued that Ethiopia would run out of relief food for 7.8million people hit by the drought.

2 COMMENTS

  1. Subject: “World Bank signs off $1.3bn aid package for Ethiopia” by Alleastafrica and agencies
    Oct 2, 2017

    Commentary, 2 Oct 2017
    Daringly, to use the vocabulary of the famous Trump of the USA, the above loan is: “very, very, very” big aid package of $1.3 BILLION DOLLAR. One can only hope that the Ethiopian Government under the wise leadership would use EVERY PENNY of that money to help the hungry people of Ethiopia and in doing so erase the ugly name of Ethiopia associated with the 1974, 1981, 1984, 2016 and now 2017 famine where about twenty-three thousand (23,000) Ethiopians are hungry to death, while at the same time, Ethiopia (in its wisdom and generosity) is accepting “100,000 refugees” from South Sudan. I stand to be corrected!!!

    One thousand three hundred million US Dollar [US $1,300 Million] is a lot of money – in layman’s terms. If it is used wisely, without channeling it to various secrete shameful arteries, and for well defined specific, relevant and essential projects, Ethiopia will go a long way to: a) FEED; b) keep HEALTHY; and c) EDUCATE its Children in the true meaning of education, thereby reviving and reflecting its ancient rich anthropological history, culture and civilization in AFRICA – Yes, in PROUD BLACK AFRICA.

    The PRIDE of BLACK AFRICA was deliberately undermined by European colonialism. It was not only for economic benefit but also for a deliberate long-range effort to control the MIND of the AFRICAN CHILD, thus permanently implanting deep INFERIORITY COMPLEX in the psyche of the AFRICAN, in totality. And that is what we see TODAY, in various forms and nuances, in the RELATIONSHIP of Black Africa in World Forums — sadly, through: a) the instrument of shameful of African Dictators; and b) through African Intellectuals, with Doctor of Philosophy Degrees, from Ivy League Western Universities, consummated for themselves without a single regards for the well being of their people. To close the Circle, European colonialism has achieved what it set out to do – one way or the other.

    The fact that other “colonial” forces too, from other regions of the Globe, are also on the verge of taking over the ‘White Man’s’ adventure in hypnotizing AFRICA is simply a new Houdini’s Act. Africa will always remain as loyal servitude of others, who may come for any direction. THE END

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