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HomeNews20 billion USD needed in five years to recover from war damage 

20 billion USD needed in five years to recover from war damage 

Pictures from the war in Northern Ethiopia. Photo Source : SM

By Haile-Gebriel Endashaw
Staff reporter

ADDIS ABABA – The government of Ethiopia says it needs 20 billion USD for the coming five years to recover from the war which ended in November 2022 following the Pretoria Peace agreement.

The fund is needed carry out post-war constructions and rehabilitations, sources said. The Weekly Amharic Reporter wrote, quoting the ministry of Finance, that works have been started to rehabilitate 250,000 fighters who have been involved in the two-year war.

Federal Minister of Finance and Economic Development, Ahmed Shide, said during a discussion he had with the US Secretary of State, Antony Blinken that though the Ethiopian Government has launched the rehabilitation works in the wake of the bloody war using finances secured from World Bank and internal sources, the fund is not suffice to move the work further.

The Minister of Finance said that 20 million compatriots are expecting aid support due to devastating effects of civil war in North Ethiopia, locust swarming and outbreak of COVID-19. He further noted that the country has been hit by severe drought, never seen in 40 years, for failing to get rains for the last five years.  

Ahmed Shide said that the dwindling of development aid and support coming from foreign countries and organizations have aggravated the problem and he further expressed hope that the visit of the Secretary of State, Anthony Blinken would fully help change the development capacity of Ethiopia.

The Minister said that the rehabilitation works of the fighters who had been involved in the bloody war in North Ethiopia have been undertaken by the National Rehabilitation Commission. The work has been carried out in such a way that it can facilitate the peace process, he said. Ahmed Shide said that his discussion with the Secretary of State signified the fact that the two countries have been able to reach agreement to establish better relations on key issues. 

US Secretary of State, Antony Blinken said on his part that his government has provided over the last four years a three billion USD for humanitarian aid including the rehabilitation needs of the War in North Ethiopia. He further made official that his country has pledged to provide additional USD 331 million aid for 13 million needy Ethiopians.

Minister Ahmed Shide said that USD 1.7 billion aid support was obtained in 2022 from the US Government for humanitarian needs required after the war in North Ethiopia.

Edited by Dimetros Birku

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2 COMMENTS

  1. 20 billion in US dollars to rebuild the three regions destroyed by stupid war started and waged by stupid individuals! This amount of money could have been used to bring modern health clinics and industries throughout the country. It just makes my blood boil just thinking about it. But what can you do? The belief that ‘political power comes only out of the barrels of the guns’ gets only this. Nice job commies!!!!

  2. “20 billion in US dollars to rebuild the three regions destroyed by stupid war started and waged by stupid individuals! “

    Call the names out. Who are the stupid individuals???? They are abiy ahmed, debre tsion, getachew reda to name a few.

    These same “stupid individuals” are still in charge. In fact “stupid individual 1” named abiy ahmed just appointed “stupid individual 2” named getachew redda as president of interim regional government of Tigray.

    So if in 2020, according to the stupid illogic of abiy ahmed aka “stupid individual 1” had tplf elected getachew redda aka “ stupid individual 2 “ as regional president instead of electing debre tsion aka “ stupid individual 3” as regional president, there would have been no war!!!!

    To quote the great Tuvok from Star Trek:

    Tuvok : Our systems are more than adequate.

    Tom Paris : Ah! I give up!

    Chakotay : After only two minutes? Tuvok, how do you do it?

    Tuvok : I wait until his own illogic overwhelms him.

    Goodness gracious, the demagoguery, illogic and sheer stupidity of the neophyte in office masquerading as premier of all Ethiopians has no end. His lies, intrigues, his chutzpah and sheer naivety arising from ignorance and lack of self reflection that he still is perceived as a credible, respectable and even minimally capable leader are all laughable but at the same time lamentable. How on earth a nation that produced the likes of PM Aklilu Habtewold, PM Endalkachew Mekonen, Foreign Minister Haile Minase ( a PhD economist and law school graduat from Columbia), Mayor of Addis Ababa Dr. Haile Giorgio Workeneh ( US registered professional engineer, Carnegie Mellon PhD graduate in civil engineering) and on and on………………. how on earth did this nation of the talented and the hardworking fall in the hands of the likes of the abiy, adanech, shimeles goons??????????????

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