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IFAD, EU to invest €26 5 million in Ethiopian rural financial institutions

European Union and IFAD to support Ethiopian rural financial institutions, jobs and livelihoods in the face of the COVID-19 - Ethiopia

News: EU, IFAD provide Ethiopia with €26 5 m liquidity & debt relief to help agriculture financing in time of COVID-19

House-to-house health checkups by health extension workers in Dire Dawa Administration. April 2020 Addis Abeba, May 24/20221 – The International Fund for Agricultural Development (IFAD) and the European Union (EU) will provide EUR 26.5 million worth of liquidity and debt relief to rural financial institutions to protect jobs and safeguard livelihoods during the COVID-19 pandemic, according to a statement sent to Addis Standard. In Ethiopia, the agriculture sector and rural people are the most impacted by the COVID-19. The pandemic has reduced agricultural labor, limited access to inputs and production capital, reduced production and productivity, and obstructed access to markets and financial services. This has led to loss of employment, reduced access to food, and

Cooperative marketing for sustainable peace - capital Newspaper

capital Newspaper The Federal Cooperative Agency will host the 8th National Cooperatives’ Exhibition, Bazaar, and Symposium-2021 from March 18th till 22 of 2021 under the banner of “Cooperative Marketing for Sustainable Peace!” This event is an annual opportunity to highlight how cooperatives can and have contributed to social and economic development, building resilience and sustainable peace in the country. “The culture of sustaining peace in cooperative needs to be entrenched at every level of community,” the agency sensitized. Peace has been on the agenda of the cooperative movement since its inception and it has been expressed in a variety of ways throughout that time. It is a significant strand in the weave of cooperative thought and practice.

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