Ethiopia: China grants $265 million to improve access to drinking water and humanitarian assistance
(Ecofin Agency) - China will grant Ethiopia a total of $265 million under two agreements signed yesterday May 10, to develop a drinking water project and for humanitarian assistance. The documents were initialed by the Ethiopian Minister of Finance and Economic Cooperation, Admasu Nebebe, and the Chinese Ambassador to Ethiopia, Tan Jian.
The first financing ($250 million) granted as a concessional loan will be used to implement a project aiming at addressing the drinking water shortage in Mekele, capital of Tigray region in northern Ethiopia. The second concerns a 100 million yuan (about $15.7 million) humanitarian assistance towards Ethiopia.