Source: Government of Ethiopia
Date: 11 Jan 2011
Addis Ababa, January 11, 2011 (Addis Ababa) – The Ethiopia government and the European Commission has signed on Tuesday a grant agreement that would enable to enhance private sector competitiveness and secure food sufficiency at households level amounting to 69 million Euros.
The grant would also, to facilitate integration in to regional and world economy for the private sector, it was noted.
Finance and Economic Development Minister (MoFED), Sufian Ahmed and Head of European Union Delegate to Ethiopia, Xavier Marchal signed the agreement.
The grant will be used to implement the Productive Safety Nets Program (PSNP) and private sector Development and Trade Project, which have been foreseen in the 2008-2013 Country Strategy Paper (CSP).
Some 58 million Euros is located for PSNP, which is aiming at contributing towards attaining food sufficiency for chronic and transitory food insecure households in 300 woredas.
As per the agreement, some eight million chronically and transitory food insecure peoples would benefit from the program in the coming four years.
It was noted that the remaining 11 million Euros is owed to Private Sector Development and Trade Project to boost the competitiveness of the private sector.