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August 24, 2010
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North Carolina Asset Protection News

 

U.S. Government and DPPC Commissioner Simon Mechale Sign Development Program Agreements Valued at 18.2 million Birr (US $2.1 million)

Addis Ababa (U.S. Embassy) – On September 16 U.S. Ambassador Aurelia E. Brazeal, Disaster Prevention and Preparedness Commission (DPPC) Commissioner Simon Mechale, and the Director of the U.S. Agency for International Development (USAID) Bill Hammink signed a grant agreement worth 18.2 million birr (US $2.1 million). The total estimated funding from 2004 – 2008 will be over 93.6 million birr (US $10,760,000).

This grant to the DPPC is part of USAID assistance to the Government of Ethiopia to help strengthen Ethiopia’s capacity to anticipate and manage shocks, such as drought, flooding, and conflict.  Technical assistance will also be provided to other key ministries, such as health, water and agriculture to strengthen their emergency response capability at the federal and local levels.  The grant complements U.S. Government financial and technical assistance to the Productive Safety Net Program totaling 164.2 million birr (US $19.0 million) through the Ministry of Agriculture and Rural Development’s Food Security Coordination Bureau.  In addition, the U.S. Government has committed to provide 864 million birr (US $100 million) of food assistance to Ethiopia for U.S. Fiscal Year 2004 in support of the Productive Safety Net Program. 

This grant from the U.S. Government, together with the four grants signed on September 10 with the Ethiopian Government, comprise funding for new programs over the next five years with a total estimated value of 2 billion birr (over $231,000,000) for development.  These grants signal a growing partnership between the U.S. and Ethiopia.  The overall aim of U.S. assistance is to help improve basic community services in health and education, to diversify livelihoods and build assets, especially of the rural poor, and increase economic opportunities for all Ethiopians.

With the agreements signed today, the total amount of U.S. Government development assistance in FY 2004 is 532.5 million birr (US $61.6 million).  These allocations support programs in economic growth, private sector development, livelihood and asset protection, health, population, nutrition and HIV/AIDS, education and democracy and governance which are a testament to the strong partnership between the governments of the United States and Ethiopia in addressing sustainable development and poverty reduction.

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Did You Know?    
 
 
Going off-shore with asset protection is becoming very common
Asset Protection can involve utilization of out of country corps., banks, partnerships, ,trusts, funds, management firms, to legally safeguard assets, plan for the future, minimize taxes and get involved in globally investing opportunities.

 


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Asset Protection.com Terms

 


Today's Terms

Trustee

Definition:
The person who receives legal title to the assets in the trust but is legally obligated to hold, manage, and invest the trust assets for the benefit of the beneficiaries. The trustee's duties are set by the trust agreement and by law.

Trusts for Children

Definition:
You can set up a trust for your children, too. The terms of the trust can specify which of the children's expenses to pay and under what circumstances.

Living trust

Definition:
A trust that is established while the grantor is still alive. Compare to testamentary trust.

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North Carolina Asset-Protection Attorney

 
If you live in the following cities and need an Asset-Protection attorney you should contact our Asset-Protection Attorney as soon as possible:

  • Apex
  • Asheboro
  • Asheville
  • Burlington
  • Cary
  • Chapel Hill
  • Charlotte
  • Clayton
  • Concord
  • Durham
  • Elizabeth City
  • Fayetteville
  • Fort Bragg
  • Garner
  • Gastonia
  • Goldsboro
  • Greensboro
  • Greenville
  • Henderson
  • Hickory
  • High Point
  • Jacksonville
  • Kernersville
  • Lenoir
  • Lexington
  • Lincolnton
  • Lumberton
  • Matthews
  • Monroe
  • Morganton
  • Mount Airy
  • Raeford
  • Raleigh
  • Reidsville
  • Sanford
  • Statesville
  • Thomasville
  • Wake Forest
  • Wilmington
  • Wilson
  • Winston Salem


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