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Friday, 17 June 2016

EU commits $11.9m to Fiji

A further $11.9 million has been made available to Fiji by the European Union to support sustainable energy and agriculture projects in the country. European Commissioner for International Cooperation and Development Neven Mimica announced this at the Pacific Conference on Sustainable Energy and Climate Change in New Zealand this week and said the funding was part of $34.5m that was distributed to Fiji, Marshall Islands, Micronesia, Palau, Papua New Guinea (PNG) and Timor Leste. "I am pleased to announce that to take forward our commitment to supporting investment the EU will make a special allocation to the EU Investment Facility for the Pacific to leverage investment projects in sustainable energy and agriculture in the region involving the private sector," Mr Mimica said. "Agriculture is a key sector for sustainable development in the region and together with fisheries, agriculture provides the basic livelihood for the majority of the people in the Pacific.

Source: fijitimes.com