Addis Ababa, April 17, 2019- With a view to strengthening the development cooperation between Ethiopia and South Korea, a framework arrangement amounting to $300 million has been signed between the two countries.
The framework arrangement was signed in Addis Ababa yesterday by Admasu Nebebe, Ethiopia’s State Minister of Finance and Mr. Lim Hoon-min, Ambassador Extraordinary and Plenipotentiary of South Korea to Ethiopia.
The loan will be used to implement high priority projects for the years 2019-2020, according to a press release issued by the Ministry of Finance.
More specifically, it will be used to support the establishment of 5 centers of Excellence in Adama Science and Technology University, for the Addis Ababa bus rapid transit (BRT) line and other projects.
FBC
more recommended stories
Ethiopia, South Korea ink $1 Billion Financing Framework AgreementIn a move to bolster bilateral.
Ethiopian PM Arrives in South Korea for Official VisitEthiopian Prime Minister Abiy Ahmed and.
Ethiopia, Türkiye Conduct Trade and Investment Consultation Forum in IstanbulEthiopia and Türkiye held a successful.
Ethiopia Celebrates National Day with Warm Wishes from Global LeadersEthiopia today commemorates its National Day.
Leave a Comment