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Sunday, April 03, 2005

Germany Earmarks Big Funds for Ethiopia

Germany said here Sunday it has agreed to allocate 80 million euros (about 104 million US dollars) to finance development projects in Ethiopia during the coming three years.

Ernst Axel Momber, country director of the German Agency for Technical Cooperation (GTZ), told journalists that the governmentsof Germany and Ethiopia concluded an agreement three weeks ago in Berlin.

He said that one-third of the stated sum would be used for technical cooperation while the balance for capacity building, good governance, natural resources conservation, and other development projects.

Xinhua.com

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