Ethiopia and the World Bank signed a $500 million grant agreement on June 15. Ahmed Shide, Ethiopia\u2019s Minister of Finance, and Ms. Carolyn Turk, World Bank Country Director for Ethiopia, signed the agreement at a ceremony held at the Ministry of Finance.<\/p>\n\n\n\n

The grant will be used to finance the implementation of climate action through landscape management program, a program aimed at increasing adoption of sustainable land management practices and expanding access to secure land tenure in non-rangeland rural areas of the country.<\/p>\n\n\n\n

The program is a 5-year sectoral budget support program with a results-based approach, according to the Ministry of Finance<\/p>\n\n\n\n

It will support the government to scale up participatory watershed and land management activities in order to reduce land degradation and rural land tenure security.<\/p>\n\n\n\n

The program will make consideration for the equitable inclusion of all beneficiaries in the watershed users associations, including vulnerable groups such as landless, youth, elderly, and female-headed households.<\/p>\n\n\n\n

The program also provides a mechanism to incentivize the roll-out of institutional reforms for participatory watershed management and land administration.<\/p>\n\n\n\n

About 50 percent of Ethiopia\u2019s highlands are currently defined as degraded with declining productivity. It is costing the country about 2 to 3 percent of its annual agricultural GDP, she added.<\/p>\n\n\n\n

According to Ms. Turk, investing in land resources is vital to build resilient and equitable economic growth, as well as protect all of the works done so far.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ethiopia and the World Bank signed a $500 million grant agreement on June 15. Ahmed Shide, Ethiopia\u2019s Minister of Finance, and Ms. Carolyn Turk, World Bank Country Director for Ethiopia, signed the agreement at a ceremony held at the Ministry of Finance. The grant will be used to finance the implementation of climate action through …<\/p>\n","protected":false},"author":16,"featured_media":13281,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-13280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-embassy-news"],"jetpack_featured_media_url":"https:\/\/ethiopianembassy.be\/wp-content\/uploads\/64654000_1820122558133938_6715474524583755776_n-1-750x430.jpg","_links":{"self":[{"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/posts\/13280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13280"}],"version-history":[{"count":1,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/posts\/13280\/revisions"}],"predecessor-version":[{"id":13282,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/posts\/13280\/revisions\/13282"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/media\/13281"}],"wp:attachment":[{"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}