Ethiopia, Poland sign $50m loan agreement

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Addis Ababa, 27 February 2014 (WIC) - The governments of Ethiopia and Poland signed on Tuesday a loan agreement amounting to 50 million USD to promote agricultural modernization in Ethiopia.

The money will be used to finance delivery of agricultural goods to be imported from Poland.

Finance and Economic Development Minister, Sufian Ahmed on the occasion said the support will augment agricultural modernization activities.

Polish Ambassador to Ethiopia, Jacek Jankowski on his part said the agreement is part of his government's scheme to strengthen cooperation with Ethiopia.