World Bank Approves Rehabilitation Fund for Ethiopia

he World Bank has announced that it has approved a 300 million U.S. dollars rehabilitation fund for Ethiopia.

In a press statement, the World Bank said the ‘newly approved funds will be used to rehabilitate those affected by conflict and its consequences’ in various parts of the East African country.

“Conflicts in Ethiopia have resulted in loss of lives, humanitarian crises and destruction of private and public assets and have left communities in dire need of support,” the statement said.

“Conflicts have also caused the displacement of thousands of people throughout Ethiopia and have further exacerbated the incidence of gender-based violence, particularly against women and girls,” the statement added.

The new funds will support efforts to address the ‘immediate needs’ of communities, rehabilitate infrastructure destroyed by conflict and increase community resilience to the impacts of conflict in a sustainable manner.

Coverage
The 300 million U.S. dollars funds will cover the needs of at-risk people in Afar, Amhara, Benishangul-Gumuz, Oromia and Tigray regional states, which host a large number of Internally Displaced People

The World Bank statement also noted that the project for the newly released funds will be implemented by federal, regional, community-based organizations as well as independent third-party entities.

CGTN/Christopher Ojilere