Ethiopia has signed two financing agreements amounting to a total of $96.367 million with International Development Association Country Performance Allocations and the Global Partnership for Education Fund through the World Bank.
In a statement issued Tuesday, Ethiopia’s Ministry of Finance said the loan and grant represent $50 million and $46.367 million respectively.
The funds are to support equitable access to education and improve learning outcomes in pre-primary and primary education, the ministry said.
The funding further will focus on implementing an innovative professional development package for in-service teachers, particularly targeting pre-primary and grades 1-6 teachers of mother-tongue languages and mathematics.
Additionally, the funding will help enhance the capacity of current and prospective school leaders with a focus on female leadership and ensure the equitable provision of both print and digital teaching and learning materials tailored to the new curriculum.
The agreements underscore Ethiopia’s commitment to improving learning outcomes and increasing access to quality education, particularly in the pre-primary and primary levels, as part of its broader strategy to drive sustainable development in the country.
Ethiopia’s Minister of Finance, Ahmed Shide and World Bank Country Director for Ethiopia, Eritrea, Sudan, and South Sudan, Maryam Salim signed the two Agreements on behalf of the Ethiopian Government and the World Bank, respectively.
MG/abj/APA