Russia, Ethiopia to determine joint projects for financing from special investment fund

Russia, Ethiopia to determine joint projects for financing from special investment fund

Qries


MOSCOW, February 19. /TASS/. Russia and Ethiopia will determine promising projects to be co-financed from a special investment fund, which will be established this year at the Russian president’s request, according to a statement published by the Russian cabinet following a meeting between Russian Economic Development Minister Maksim Reshetnikov and Co-Chair of the Intergovernmental Russian-Ethiopian Commission on Economic, Scientific, Technical and Trade Cooperation, Ethiopian Minister of Innovation and Technology Belete Molla.

“Head of the Economic Development Ministry noted that Russian companies are interested in actively boosting joint projects with Ethiopia, and he suggested that promising for both countries projects be determined that could vie for being co-financed from a special investment fund that will be set up at Russian President Vladimir Putin’s request in 2025,” the statement reads.

In particular, the parties discussed expansion of cooperation in the area of trade, agriculture and tourism, as well as the possibility of implementing joint projects in the field of information and communication technology, education and medicine.

Qries


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