The synergy and the conviction of the people and government of Ethiopia towards the construction of the Grand Ethiopian Renaissance Dam (GERD) is unprecedented. Despite many piled up national issues and development undertakings no break for the symbolic GERD construction.
For many reasons of all the ongoing huge projects under way in the county the GERD has singular features. Soliciting finance for the project is under way here and abroad. The construction of GERD has been contributed significantly in mobilizing domestic resource through saving.
Recently, Office of National Council for the Coordination of Public Participation on the Construction of the GERD along with universities has held a consultative workshop on the role of Grand Ethiopian Renaissance Dam for the Ethiopian Renaissance and Developing Saving Culture in the country.
In a country where the culture of saving is almost insignificant, the GERD has come out as a driving cause to nurture the poor saving culture. Certainly, the GERD has greatly contributed to mount the domestic resource through saving. According to Jimma University Business and Economics College Dean Dr. Wondaferahu Mulugeta, nearly 7.6 billion birr has been raised through domestic resource mobilization and direct bond sale and donation so far.
SOURCE: ALL AFRICA