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Reuters
Reuters
Business

Ethiopia, World Bank sign $300 million grant agreement for reconstruction

FILE PHOTO: People walk through Megenagna neighbourhood bus station in Addis Ababa, Ethiopia November 3, 2021. REUTERS/Tiksa Negeri/File Photo

Ethiopia and the World Bank have signed an agreement for a $300 million grant to help with reconstruction and recovery in conflict-hit areas, the finance ministry said.

"The resource will be used to finance the activities designed to support ... basic services of education, health, water supply and a special support to survivors of gender-based violence within the areas affected by conflict," the ministry said in a statement late on Monday.

(Reporting by George Obulutsa; Editing by Jacqueline Wong)

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