East Africa: Ethiopia, European Investment Bank Sign 110 Million Euro Loan

East Africa: Ethiopia, European Investment Bank Sign 110 Million Euro Loan

Addis Ababa -- The Government of the Ethiopia and the European Investment Bank (EIB) have signed a 110-million Euro loan agreement to support the implementation of the Rural Finance and Development Project.

Ethiopia, European Invest Bank Sign €110 million Loan Deal – Ethiopian Monitor

The Government of Ethiopia and the European Investment Bank (EIB) signed a loan agreement of 110 million Euros with goal to support rural financial institutions, according to the Finance Ministry. The MinFin announced the signing of “this landmark support” on Tuesday, saying it shows a significant strengthening of the longstanding partnership between Ethiopia and the EIB. The loan agreement, signed by Ethiopia’s Finance Minister Ahmed Shide and …