Unmute<\/p>\n
Addis Ababa, June 4, 2026 \u2014The House of People’s Representatives has ratified loan agreements allocated to finance the Pastoral Community Food and Livelihood Improvement Project and to fund the sixth phase of the Productive Safety Net Program today.<\/p>\n
The agreements were made between the Government of Ethiopia, the African Development Bank (ADB), and the International Development Association (IDA).<\/p>\n
During its 23rd regular session, Government Chief Whip Tesfaye Beljige presented comprehensive briefings to the House clarifying the core objectives and financial frameworks of both bills.<\/p>\n
According to him, the loan secured from the African Development Bank will bolster initiatives designed to uplift pastoralist communities, facilitate integrated development projects that fortify resilience against the adverse impacts of climate change.<\/p>\n
He elaborated that the pastoralist livelihood intervention, currently operating across 30 selected woredas, continues to yield highly encouraging outcomes in enhancing local food security.<\/p>\n
The Chief Whip added that the 71.94 million USD credit will scale up these achievements by financing critical expansion works not incorporated in the initial phase in order to systematically elevate the climate-shocks defense capabilities of vulnerable communities.<\/p>\n
Detailing the expected resource allocation, he said secured loan will be used to develop water infrastructure, veterinary services, sustainable land management, agribusiness, renewable energy options, and expand meteorological stations.<\/p>\n
He further noted the highly concessional loan is interest-free, featuring a 10-year grace period and a 40-year maturity timeline.<\/p>\n
Tesfaye told the House that the agreement aligns with Ethiopia’s macro-economic debt management strategy, playing a pivotal role in mitigating climate vulnerabilities while ensuring the holistic development of pastoral areas.<\/p>\n
Speaking about the agreement concluded with the International Development Association agreement, the Chief Whip stated that the government remains committed to transitioning food-insecure households from dependency to sustainable productivity.<\/p>\n
He noted that This sixth chapter of the Productive Safety Net Program will be implemented in 494 woredas across twelve regional states and one city administration.<\/p>\n
Concluding the session, the House enacted both bills.<\/p>\n","protected":false},"excerpt":{"rendered":"
Unmute Addis Ababa, June 4, 2026 \u2014The House of People’s Representatives has ratified loan agreements allocated to finance the Pastoral Community Food and Livelihood Improvement Project and to fund the sixth phase of the Productive Safety Net Program today. The agreements were made between the Government of Ethiopia, the African Development Bank (ADB), and the […]<\/p>\n","protected":false},"author":84,"featured_media":44619,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[],"class_list":["post-44620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy"],"yoast_head":"\n