Economy
Ethiopia, EIB Global Discuss €190 Million in Rural and Energy Financing
2Merkato.com · 3 hours ago · Read the Full Story on 2Merkato.com
AI SUMMARY
Ethiopia and EIB Global have discussed €190 million in planned support for rural finance and energy projects, alongside potential investments in infrastructure and private sector growth.
- State Minister of Finance Tiguist Fisseha met with an EIB Global delegation led by Director General Andrew McDowell and Financial Inclusion Division Head Christophe Litt.
- The discussions focused on €190 million in planned support for rural finance and energy aligned with Ethiopia's economic reform priorities.
- Euro 110 million has been approved for the Third Rural Financial Intermediation Program to expand financial services for rural businesses.
- Euro 80 million is allocated for the Renewable, Integrated and Sustainable Energy and Digitalization project to modernize electricity transmission.
- The delegation discussed potential financing for Bishoftu International Airport to enhance aviation capacity and regional trade connectivity.
- Talks also covered private investment in renewable energy, support for small and medium-sized enterprises, export-oriented industries, and green finance.
- Ethiopia expressed interest in developing its capital markets and preparing for future green bond issuances.
- Both sides identified the European Union's Global Gateway initiative as an opportunity to attract investment into transport, energy, and digital infrastructure.
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