UK Commits To Grant Half A Billion Birr To Ethiopia

UK Commits To Grant Half A Billion Birr To Ethiopia UK Commits To Grant Half A Billion Birr To Ethiopia

Ethiopia secures a little more than half a billion Birr in grant from the government of the UK. This is part of the 10.2 billion Br grants of the British for 2014.

A memorandum of understanding (MoU) agreement was signed by Ahmed Shide, state minister of Finance & Economic Development and Julius Court, acting head of office of the Department for International Development (DFID) on August 01, 2014.

"The grant will help to improve the country's tax collection and its modernization, to make the audit system improved and have international standards and support anti-corruption activities," said Ahmed.

There would be a technical working group drown from the Ministry, the DFID and the Federal Ethics & Anti-Corruption Commission (FEACC) that controls the correct usage of the money, according to Court.

It is very important to help Ethiopia with tax issues. We have a focus more on systemic improvement and this accord is a signal about strong partnership and good relationship," he said.

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