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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

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