Ethiopia, World Bank Sign 250 million USD Agreement to Support Urban Communities, Youth Employment - ENA English
Ethiopia, World Bank Sign 250 million USD Agreement to Support Urban Communities, Youth Employment
Addis Ababa, January 13, 2026 (ENA)— The Ministry of Finance and the World Bank have signed an additional financing agreement amounting to 250 million USD for the implementation of the Urban Productive Safety Net and Jobs Project.
According to the social media post by the ministry, this additional financing will enable the Government of Ethiopia to intensify efforts to improve incomes for the urban poor.
The financing will also enhance labor market inclusion for the youth and women.
Accordingly, key activities include providing labor-intensive public work opportunities and livelihood grants targeting vulnerable urban households, it was learned.
The financing will foster youth employment in line with the national job creation plan, and extending support to include refugees and host communities in selected localities.
According to the post, the project will also strengthen social assistance systems through cash transfers and services aimed at social and economic reintegration.
The agreement was signed virtually by Semereta Sewasew, State Minister of Finance, and Maryam Salim, World Bank Division Director for Ethiopia, Eritrea, Sudan, and South Sudan.
According to the social media post by the ministry, this additional financing will enable the Government of Ethiopia to intensify efforts to improve incomes for the urban poor.
The financing will also enhance labor market inclusion for the youth and women.
Accordingly, key activities include providing labor-intensive public work opportunities and livelihood grants targeting vulnerable urban households, it was learned.
The financing will foster youth employment in line with the national job creation plan, and extending support to include refugees and host communities in selected localities.
According to the post, the project will also strengthen social assistance systems through cash transfers and services aimed at social and economic reintegration.
The agreement was signed virtually by Semereta Sewasew, State Minister of Finance, and Maryam Salim, World Bank Division Director for Ethiopia, Eritrea, Sudan, and South Sudan.