ADDIS ABABA- House of Peoples Representative in its 4th term 36th session yesterday unanimously approved a 75-million USD loan obtained from the International Development Association. The loan will be serving to finance selected Vocational and Training centers and fund industrial priorities as well as strengthen east Africa regional cooperation, it was disclosed.
The repayment period is 38 years including six year of grace period, it was disclosed. It was noted that the financial agreement is a soft loan and fits to the loan administration of the country. Meanwhile, the House also endorses the amended proclamation to establish the Federal Institution of Ombudsman.
The Ethiopian herald April26/2019
BY YESUF ENDRIS
