Ethiopia Gets $65m from World Bank for Tourism and Agriculture
Sunday, 20 Sep, 2009
0
Rock Church in Lalibella
Ethiopia and the World Bank have signed two financing agreements amounting to 65 million USD for tourism development and enhance tourism and agricultural productivity.
Finance and Economic Development State Minister (MoFED) Ahmed Shide and World Bank Country Director for Ethiopia and Sudan, Kenichi Ohashi signed the agreements.
The first agreement amounting to 35 million USD will be used to finance implementation of sustainable tourism development project that aims at enhancing the quality and variety of tourism products and services.
The amount enables to increase the volume of tourism foreign exchange earnings and jobs in targeted destinations that include Axum, Lalibella, Addis Ababa and its surroundings.
The second agreement amounting to 30 million USD will also be used to finance implementation of agricultural productivity project.
Ahmed on the occasion said the 35 million USD will be used to strengthen infrastructure development in the stated tourist destinations.
The minister said the second agreement aims to enhance specialization in agricultural research and collaboration in agricultural training, among others.
The director on his part said Ethiopia has been undertaking encouraging activities to become self-sufficient in food production. He said WB will assist Ethiopia to tap its rich resources in the agriculture sector.
Source: ENA
Valere Tjolle
Valere
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Clearing CSS/JS assets' cache... Please wait until this notice disappears...
Updating... Please wait...
Phocuswright reveals the world's largest travel markets in volume in 2025
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
In Italy, the Meloni government congratulates itself for its tourism achievements
Singapore to forbid entry to undesirable travelers with new no-boarding directive