Ethiopia and Koica reached grant agreement on Thursday.

Ethiopia Signs $16mln Grant Agreement with Koica

ADDIS ABABA – Ethiopia reached a 16 million USD grant agreement with the Korea International Cooperation Agency (KoICA), intending to encourage agricultural export and reduce stunting in children.

The Memorandum of Understanding (MoU) on the grant was signed by State Minister of Finance Semerta Sewasew, and Vice President of KoICA Dongho Kim on Thursday.

Per Mofin, the grant will kick off KoICA’s two planned activities – a Project for Improving Quality Control Standards of Agricultural Products, and a Project on Sustainable Diversified Diets for Improved Nutrition in Seqota Declaration Woredas.

The first will run for five years with a $10 million budget. It aims to boost Ethiopian National Quality Infrastructure services, increase export earnings, decrease sub-standard imports, and ultimately improve the share of manufacturing to GDP.

KoICA will also carry out the second project in collaboration with the UN Food Program (WFP).

The three-year project with a total budget of $6 million targets to reduce stunting in children under five years of age through the provision of nutrient-dense foods to Pregnant and Lactating Women through a fresh food voucher program.