ADDIS ABABA – The U.S. Agency for International Development (USAID) and Ethiopia’s Ministry of Finance signed a new development partnership agreement this week worth more than $230 million, according to the US embassy in Addis Ababa.
“The agreement underscores the American people’s continued commitment to investing in improving health, education, agriculture, economic growth, good governance, and strengthened resilience of Ethiopians,” says the embassy today.
USAID Mission Director Sean Jones and State Minister of Finance Admasu Nebebe signed the partnership agreement to formalize the most recent American investment in Ethiopia’s long-term development.
The USAID development assistance agreement is expected to provide funding and resources required to accelerate development gains and help Ethiopia achieve its goal of becoming a middle-income country.
According to the agreement, USAID also will continue to work with the government of Ethiopia and other international and local partners to expand access to quality healthcare and services, improve education, and advance a private-sector-led model of transformative economic growth.
“We are pleased to renew our partnership with the Government of Ethiopia and formalize the next chapter in our partnership,” said Sean Jones, USAID Mission Director.
“This agreement is more than just money – this is about building upon the strong people-to-people partnerships that our two countries have shared for decades,” Jones said.
“We look forward to continuing this important work together towards building a brighter and more prosperous future for all Ethiopians,” the director added
The United States is the largest provider of bilateral assistance in Ethiopia.
The embassy claims, over the past twenty years, the United States has invested more than $13 billion in Ethiopia – including a $4 billion assistance in the last five years alone.
Image: U.S. Ambassador Michael Raynor and Afar Regional State President Awol Arba jointly inauguratinf a water system in October, 2019 [Photo File]