World Bank grants $175M to avert famine in Ethiopia

The World Bank is allocating $175 million to address possible food shortages in drought-prone Ethiopia. The grant, according to World Bank economist Trina Hague, forms part of the Productive Safety Net Program, which was launched in 2005 with the backing from Britain, the European Union, the U.S., Ireland, Canada, and international agencies such as the World Food Program. “The program is focused on the very poorest of the poor in Ethiopia and on its own merits it needs to continue,” Hague said. “It doesn’t cover the Somali region of Ethiopia and we will under the program be starting some piloting under the safety net. It won’t be financed by the World Bank, but will have some bilateral food aid contributions,” she continued.

Source: World Bank OKs funding to Ethiopia to fight famine (Reuters)

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