ETHIOPIA OBTAINS 380 MLN USD LOAN FROM WORLD BANK

ADDIS ABABA, May 6- Ethiopia’s Ministry of Urban Development, Housing and Construction says it has received 380 million US dollars from the World Bank for the expansion of infrastructural development in 44 cities.

The ministry held a consultative meeting here Sunday to discuss programmes for the execution of its urban development safety-net strategies with participants drawn from the country’s regional states and the Addis Ababa City Administration.

Urban Development and Construction Minister Mekuria Haile said the World Bank support would have immense benefits in realizing the country’s objectives for green development, urban farming and employment creation and the stakeholders concerned are expected to integrate their efforts to involve the public in various development works and ensure food security.

The Ministry’s Strategy Organizers Chairman, Geletaw Benebru, said the safety-net strategy would play a huge role in reducing the level of poverty in cities by creating jobs over the coming five years.

Strengthening rural and urban integration, reducing vulnerability to disasters, creating conducive situations that protects citizens from living on the streets are the goals of the project, he added.

The consultative forum participants were urged to focus on creating positive attitudes as this had a big role in ensuring food security and job creation.

SOURCE: ENA

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