Ethiopia, UN Sign $7.1 billion Cooperation Agreement

ADDIS ABABA – Government and the United Nations in Ethiopia today signed a strategic framework document that describes the collective response of the UN System in the country to national development priorities.

The UN Sustainable Development Cooperation Framework which runs from 2020 to 2025 aims to help the East African nation achieve the 2030 Agenda for Sustainable Development.

The UNSDCF seeks a total estimated budget of USD 7.1 billion to be mobilized during the implementation period through the UN Agencies.

The document guides the entire planning and implementation of all UN development interventions in Ethiopia in support of the 2030 Agenda for Sustainable Development.

It is anchored in Ethiopia’s development priorities as outlined in the 10-Year Perspective Plan and the Home Grown Economic Reform agenda, according to the UN.

It said the latest agreement would help to address the four big structural transformations of the country over the coming five years involving demographic; governance; economic; and environmental.

“The cooperation framework represents the renewed commitment of the UN development system to support Ethiopia’s development priorities and contribute to the achievement of the Sustainable Development Goals in the country in an integrated manner,” said Dr. Catherine Sozi, UN Resident and Humanitarian Coordinator for Ethiopia.

The framework is signed at a time when the socio-economic impacts of COVID-19 being felt across Ethiopia.

“The signing of this Cooperation Framework took place at a critical time for Ethiopia, where Ethiopia undergoes a major strategic shift to embark on a transformational growth while fighting against the COVID-19 pandemic,” said Ahmed Shide, Finance Minister.