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Tuesday, 10 November 2015

EU-Barbados National Indicative Programme

The National Indicative Programme (NIP) between the EU Delegation to the Eastern Caribbean countries, the OECS, and Caricom and Barbados has been signed for the period 2014-2020. The resources under the 11th European Development Fund (EDF) amounts to €3.5m. Head of Delegation Michael Barfod explained, “In the face of calls for graduation of countries based solely on GDP per capita, we recognize inherent vulnerabilities of Small Island Developing States (SIDS) such as Barbaods. This reality justified our continued bilateral support.” With reference ot the EU’s Agenda for Change approach, Barfod also underlined that more money is being allocated via the regional enevelope for the Caribbean, which stands at €1bn. Additionally, it was recognized that Barbados is well-placed as a hub for regional organizations in the Caribbean, to benefit from blending financing options via the Caribbean Investment Facility.