The African Development Bank Group has approved additional resources to Ethiopia’s Basic Services Transformation Programme in the form of a $123- million grant.
According to the press release issued by the bank, the Basic Services Transformation Programme Supplementary Financing (BSTP-SF) will be for the fiscal years 2018/19 to 2019/20. The proposed support is consistent with the Ethiopian government’s Growth and Transformation Plan II (GTP II) 2015/16 – 2019/20), with specific reference to the strategic pillar on accelerate human development and technological capacity building and ensuring its sustainability.
The additional financial support is a continuation of the African Development Bank Group’s commitment to deliver quality basic services in # Ethiopia in the critical services sectors such as healthcare, education and water and sanitation.
The additional financial resources from the Fund will also enable the Government of Ethiopia to continue with programs that increase access to better basic services at the local level; strengthen accountability and transparency in service delivery and improve citizen’s engagement in service delivery.
In approving the additional support, the Board of Directors of the African Development Fund noted Ethiopia’s progressive economic development and structural transformation process. The East African nation’s fiscal policy in 2018/19 is expected to sustain focus on fiscal consolidation, characterized by stable pro-poor spending and improvements in public revenue mobilization.