Home » Ethiopia: one billion {dollars} in financing from South Korea

Ethiopia: one billion {dollars} in financing from South Korea

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by: Céline Dominique Nadler | 4 June 2024

Ethiopian Prime Minister Abiy Ahmed and South Korean President Yoon Suk Yeol signed a billion-dollar framework financing settlement yesterday. This was reported by the Fana company. The framework financing settlement covers initiatives to be carried out over the subsequent 4 years, in response to the Ethiopian Prime Minister’s workplace, which specifies that the funding can be used for infrastructure, scientific and technological capability constructing, healthcare and concrete improvement works.

Ethiopia’s Federal Ethics and Anti-Corruption Commission and South Korea’s Anti-Corruption and Civil Rights Commission additionally signed a memorandum of understanding.

Prime Minister Ahmed and First Lady Zinash Tayachew arrived in Seoul, South Korea to attend the Korea-Africa Summit.

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