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Ethiopia : U.S.$600 Million funding sanctioned by WB for Governance, Infrastructure in Ethiopia
Publish Date : 21-Mar-2018
The World Bank has announced that it has sanctioned 600 million USD of International Development Association (IDA) for improved urban governance, infrastructures and public services in cities throughout Ethiopia.
The funding is aimed to beef up the capacity and performance of local urban governments, widen sustainable urban infrastructure and services, and boost local economic development in cities all over the nation.
The program that has played an important part in developing the institutional performance of local governments, is also the foundation upon which the new Urban Institutional and Infrastructure Development Program (UIIDP) is constructed.
"While the new investment builds upon the successes of ULGDP it also incorporates important lessons learned and introduce a new approach. This new approach will help Ethiopia to develop a strategy for sustainably financing urban development," said Carolyn Turk, World Bank Country Director for Ethiopia.
UIIDP would increase activities started under ULGDP to backing 73 new cities-for a total of 117-across nine regional states and benefit more than 6.6 million Ethiopians.
"To successfully manage urbanization and deliver on their evolving mandates, cities are likely to require fiscal transfers for the foreseeable future. This program will help cities to realize their revenue potential," said Abebaw Alemayehu, World Bank Task Team Leader for the Project.
