Tag Archives: Aid Cut

Tigray Crisis: EU Threatens Aid Cut to Ethiopia

Any decision to reduce aid that finances about 13% of Ethiopia’s budget would strain the already struggling economy.

EU considers aid cut to Ethiopia amid military operations in Tigray. PM Abiy Ahmed said, threats ‘will not work’. (Photo: Xinhua)

BY BLOOMBERG

European Union officials are considering suspending budget support to Ethiopia because of the month-long conflict in the Horn of Africa nation’s Tigray region. The EU provided 815 million euros ($975 million) of budget support to Ethiopia in the seven years through 2020. Continue reading Tigray Crisis: EU Threatens Aid Cut to Ethiopia