EU grants 250 million euros to Ethiopia

January 30th, 2009 | by addis portal |

ADDIS ABABA (AFP) — The European Union has given Ethiopia 251 million euros (322 million dollars) in aid to boost development projects across the Horn of Africa nation, the government said Friday.

The agreement was signed Thursday by the bloc’s Director of Aid to sub-saharan Africa, Carribean and Pacific regions Gary Quince and Ethiopia’s Finance and Economic Development Minister Sufian Ahmed.

“The grant will be used for development assistance through road sector policy support… forest management and to implement some other development activities,” the finance ministry said in a statement.

The EU is one of the top development contributors to Ethiopia, an impoverished country of 77 million and among the world’s top aid recipients.

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