The Ethiopian government is one of few countries globally to lay down policies and strategies for building a green economy. Agriculture Natural Resources Ministry Management Director, Teferra Tadesse, mentioned that creating a climate-resilient and green economy is one of the strategic pillars of Ethiopia’s perspective development plan for 2021 to 2030.
The project focuses on the Blue Nile basin to stop forest degradation & decrease over-flooding and sedimentation. It is anticipated to restore and protect degraded lands for improving the livelihood of susceptible people and communities. Therefore, it will be implemented at the grassroots levels of selected watersheds of the Amhara, Oromia, and Sidama regions.
9.6 million USD has been allocated by Korea International Cooperation Agency (KOICA) to implement the project signed on November 25, 2021. KOICA Country Director Lee Buyunghwa said that Ethiopia’s 10-year development plan reaffirms the significance of a climate-resilient green economy, forest protection, and development actions.
Global Green Growth Institute (GGGI) Country Representative Gemedo Dalle stated that several Ethiopian families rely on the forest sector, contributing nearly 6 percent of GDP to the national economy.