Background The Ministry of Finance and Economic Cooperation of the Federal Democratic Republic of Ethiopia (MOFEC), formerly known as the Ministry of Finance and Economic Development, is a national entity located in Ethiopia. Its mandate is to oversee the planning and implementation of development programmes, including those that address climate change. Its activities in climate-resilient development pathways, valued at over US$ 400 million, include mitigation and adaptation projects and programmes in a variety of sectors, particularly agriculture, water, energy, forestry, buildings, industries and transport. Some of its key activities in these sectors include natural resources management through watershed management, afforestation and reforestation, energy generation and access, and low-carbon transport systems. MOFEC houses and has created, jointly with another public sector entity focused on the environment, a designated special purpose facility that will channel its climate investments into the country. Accreditation to the GCF is an opportunity for MOFEC to continue developing a climate-resilient economy through the delivery of projects and programmes by working with national and subnational actors. While building its own capacity, MOFEC also intends to use its partnerships with regional organizations to share its experiences with other developing countries to prepare them to access climate finance. Mission Make real a prosperous Ethiopia by formulating development policies, preparing development plan and budget, mobilizing and administering external resources, installing modern, efficient, effective and accountable public finance and property administration and controlling system.
Ministry of Finance and Economic Development (Ethiopia) Resources
The Project's Development and Global Environment Objective is to reduce land degradation and improve land productivity in selected watersheds in targeted regions in Ethiopia.
To support the Government of Ethiopia in the provision of map based land certificates to farmers in four regions and assist them to fully benefit from increased investment and productivity through the development of the rural land market and its supporting operations. The project will be a driver to increasing income by 20% for over 500,000 households. It will also secure land ownership for 6.1 million households, of whom around 70% will be women.