On behalf of the government of Ethiopia, H.E. Ambassador Teshome Toga signed an agreement today with the Vice-President of European Investment Bank (EIB) for ACP countries, H.E Pim van Ballekom. The agreement, that was inked in Luxembourg, will establish an EIB country office in Addis Ababa, the capital of Ethiopia.
The signing of the agreement is an important milestone in the longstanding relation between Ethiopia and the EIB with regards to providing finance to key infrastructure projects. The new office of the Bank will avail a closer and greater access to finance for both the public and private institutions in Ethiopia, and will represent a substantial contribution to the development aspiration of the country.