Saudi Fund for Development Partnership
with International Aid Agencies to Boost Economic Development in Ethiopia
Within the presence of the Ethiopian Prime Minister, Dr. Abiy
Ahmed, a delegation from the Saudi Fund for Development (SFD) signed two loan
agreements worth $140 million with the Ethiopian Government to boost economic
development, create vital infrastructure and tackle water poverty in the
country.
The first loan was made in partnership with other international
agencies including the World Bank, the UK Department for International
Development (DFID) and UNICEF and will deliver a water, sanitation and hygiene
program (WASH) to rural and urban areas in Ethiopia. The partnership will
provide communities across Ethiopia with access to clean water and sanitation
and demonstrates the Fund’s commitment to strengthen prosperity in East Africa.
The second loan will contribute towards the construction of a
118km road linking the town of Motta with the city of Debre Markos in the north
west of the country as part of an Ethiopian government’s program to develop the
transport sector and expand the regional road network. Once operational, the
road will help to facilitate the flow of trade between towns and cities, contributing
to the development of the local economy.
