Addis Ababa, (WIC) – The Ministry of Finance and Economic Development (MoFED) disclosed that the integrated utilization of the various development assistance secured from donor groups in Ethiopia is well in progress.
State Minister of MoFED, Ahimed Shide Mohammed, told WIC that the utilization of the funds of the development assistance secured from various donor groups is being carried out in line with the development program designed by the Ethiopian government.
Despite the economic instability various countries are experiencing amid the global financial slow down, development partners are releasing the financial support in accordance with their earlier promises, he said,
The financial support being obtained from the development partners is being spent on expansion of infrastructure facilities, rural development as well as provision of basic service facilities, the state minister said.
The state minister pointed out that more that 40 countries including the World Bank (WB), European Union, Britain, Japan and Germany are among development partners of Ethiopia, adding, that the country’s bilateral and trilateral cooperation with the countries and the international organizations is getting stronger over time.
Some 6.9 million birr was secured through the tripartite scheme over the last six months for the implementation of various development projects and programs here, the state minister said, adding that this year’s financial assistance exceeds that of last year’s same time by 83 per cent.
Moreover, some 9.7 million birr fund was secured through the government to government financial support scheme, adding that this also exceeds that of last year’s by 63 per cent than that of last year same time.
The state minister also indicated that the financial assistance from donor countries is also increasing both in its quantity and type, while it is expected to increase in the years to come.
According to the state minister, among African countries Ethiopia comes first for its effective and integrated utilization of various development assistances it is obtaining from donor groups.
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