Significant Financial Injection: Ethiopia signed a $250 million agreement with the World Bank to enhance support for low-income urban households and youth employment.
Expansion of Safety Nets: The funds will scale the Urban Productive Safety Net and Jobs Project, focusing on improving incomes for the urban poor, women, and young people.
Job Creation Initiatives: The financing supports labor-intensive public works, livelihood grants for vulnerable families, and national employment programs to combat urban unemployment.
Inclusive Support Systems: For the first time, the program will extend its social protection services to include refugees and their host communities in specific urban areas.
Economic Reintegration: Beyond cash transfers, the project provides complementary services to foster social and economic reintegration amidst rapid urbanization and demographic pressures.
News - Financial
Ethiopia signed a $250 million agreement with the World Bank
