Ethiopia, South Korea Sign 300 Million USD Grant AgreementApril 16, 2019 -- Ethiopia received a grant of 300 million USD from South Korea, according ENA report. The grant agreement was signed between Finance State Minister Admasu Nebebe and South Korean Ambassador to Ethiopia, Lim Hoon-min. The concessional grant will be allocated to the priority sectors agreed between the two countries within years 2019 to 2020. “South Korea will maintain Ethiopia as priority country and continue to be our partner during the realization of our successive development plans,” he added. Ambassador Lim Hoon-min said South Korea would like to encourage Ethiopia’s development activities and intends to strengthen bilateral relationships in economy, diplomatic, and cultural spheres.

Source: Ethiopian News April 17, 2019 05:15 UTC