Ethiopia and Italy Ink €70 Mln Concessional Loan Agreement for Economic Reform Program
Ethiopia and Italy have signed a 70-million-euro long-term concessional loan agreement to support the East African nation’s economic reform program and development projects, officials announced. The pact, signed on June 29, 2026, by Finance Minister Ahmed Shide and Italian Ambassador Fabrizio Scemi, carries a 1% interest rate and a 13-year maturity with no...