Ethiopia and the European Union have signed an agreement to support development works that have commenced in Ethiopia.
The agreement was signed by the Minister of Finance, Ahmed Shide, and the European Union Ambassador to Ethiopia, Sophie Fromm.
According to the agreement, the Union is expected to provide 240 million Euros in financial and technical assistance.
It was also stated that the agreement will strengthen the partnership between Ethiopia and the European Union and enable the enhancement of sustainable development.
It was indicated that the agreement will be implemented on six selected issues and is said to enable the strengthening of the building of democratic institutions, transitional justice, gender equality, and social cohesion.
The Minister of Finance, Ahmed Shide, stated that the support comes at a time when Ethiopia is undertaking macroeconomic reforms, making it a significant contribution to the country.
The European Union Ambassador to Ethiopia, Sophie Fromm, on her part, stated that the support is aimed at supporting Ethiopia's development and economy.