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Thursday, 09 June 2016

EU allocates millions to Pacific

The European Commissioner for International Cooperation and Development, Neven Mimica has announced EUR 20 million (US$22.7 million) to support sustainable energy and agricultural projects in the Pacific. He made this announcement during his opening address at the Pacific Conference on Sustainable Energy and Climate Change in Auckland, New Zealand today. ''I am pleased to announce that to take forward our commitment to supporting investment the EU will make a special allocation of EUR 20 million to the EU Investment Facility for the Pacific to leverage investment projects in sustainable energy and agriculture in the region involving the private sector. "Agriculture is a key sector for sustainable development in the region. Together with fisheries, agriculture provides the basic livelihood for the majority of people in the Pacific."

Source: fijitimes.com

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