A grant agreement of about USD25 million was signed between Ethiopia and Norway for the second phase of the REDD+ Investment Program.

“REDD+ Investment Program Phase II” is believed to contribute to Ethiopia’s nationally determined contribution (NDC) targets of emission reduction, increased forest cover, and increased GDP. Ethiopia’s State Minister of Finance, Semereta Sewasew and Ambassador of Norway to Ethiopia, Stian Christensen signed the agreement in Addis Ababa.

For more information, please see https://www.ena.et/web/eng/w/eng_3439361