According to the finance ministry on Friday, Ethiopia and the World Bank have inked loan agreements worth a combined $1.72 billion to improve the country’s water and energy supplies and to make it easier for food to reach markets.
According to a statement from the ministry, the bank would provide $523 million to improve the generation of renewable energy and develop the country’s electrical grid in the Horn of Africa.
According to the announcement, an extra $500 million would fund two initiatives that will increase access to food markets by enhancing rural road networks.
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