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Fiji to get $45M from EU

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Wednesday, 09 November 2016

Fiji to get $45M from EU

Government needs to have a clear sectoral strategy before the disbursement of forty-five million dollars by the European Union. EU Ambassador for the Pacific, Andrew Jacobs says there were certain conditions that needed to be worked out in partnership with the Government before the financial assistance program could be rolled out. Jacobs has confirmed they are working very closely with the Sugar Ministry and Agriculture Ministry on defining benchmarks that will trigger disbursement of the support. “We could agree with government that in two years’ time there should be a certain amount of sugar harvested in a year and that gives all those involved in the sugar industry a target to meet and if this target is met then it could be one of the factors that will enable us to disburse funds so there is this strategic framework that needs to be established within which we prepare a budget support program.” This is the first time for the European Union to have a budget support with Fiji.

Source: fbc.com.fj