Over 4 Billion Dollars loan expended on implementation of Dev't projects: MEDaC

 Addis Ababa, June 5 (ENA)--Over 4 billion dollars obtained in loans during the last 10 years from donor countries and institutions has been expended on the execution of various development projects, the Ministry of Economic Development and Cooperation (MEDaC) said.

  The Ministry told ENA recently that the country secured over 7.8 billion dollars in the reported period.

  More than 2.4 billion dollars of the loan was obtained from 19 countries while the balance from international donor agencies, MEDaC said. 

  The U.S.A, Japan, Italy, Sweden and the Netherlands were among the major creditor countries, the ministry said.

  It said the development projects carried out with the loan focused mainly on the areas of agriculture, road construction, education, health, power generation, food security and telecommunications.

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