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Seychelles: More funding from the EU

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Friday, 20 November 2015

Seychelles: More funding from the EU

The newly-accredited Ambassador and Head of delegation of the European Union to Seychelles has pledged the EU's continued support including financial assistance to the Indian Ocean island nation, for the implementation of projects in various fields of common interest. Marjaana Sall was speaking to the local press at State House this morning after presenting her credential to the Seychelles President James Michel."The European Union will stand by the government of Seychelles and provide the assistance it needs, namely through trade facilitation, supporting the implementation of the economic partnership agreement, we’ll provide more than 8 million euros in the next years to come...on climate change issues, we will provide 5 million euros to support Seychelles,” she told journalists. “…We will continue with our bilateral programme, namely to provide studies and technical assistance to the government, to liberate funding from other partners…we’ll provide grant and then there will be loans from banks such as European Investment Bank and so on for bigger infrastructure project…for example the extension of the Port of Victoria is something we are discussing with our partners." Seychelles and the European Union enjoy collaboration that dates back to the 1970s. The diplomat told journalists that her meeting with Michel was an opportunity to discuss current and new avenues of cooperation between the two sides. Sustainable fisheries management, maritime security, trade and investment, climate change and piracy are some of the areas of common interest that were highlighted.

Source: Seychelles News Agency