Video guest: Josephine Mwangi

October 2017
M T W T F S S
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5



SELECT_TAGS :
















Twitter

Follow the CTA Brussels Daily

 

twitter logo

 

facebook logo cta

Tuesday, 08 February 2011

Caribbean - EU provides record grant funding to CARICOM countries

The European Union said Friday it had made available a record high EURO 130.2 million (US$162.7 million) in grant funding to nine Caribbean Community (CARICOM) countries last year. A statement from the Barbados-based European Union Delegation to Barbados and the Eastern Caribbean said that among the nine countries, funds were also made available to the British Overseas territories of Anguilla and Montserrat to the tune of EURO 12.7 million (US$17.2 million). “This amount clearly demonstrates the continued commitment by the European Union to supporting the Caribbean States, especially in these difficult times of a sustained financial and economic crisis and natural disasters like Hurricane Tomas,” said Ambassador Valeriano Diaz, Head of the European Union Delegation, to Barbados and the Eastern Caribbean. The EU said that the funds contributed to the social development of the small island states and their economic stability. It said that budgetary support “as a delivery instrument that provided up to EURO 59 million (US$72 million) or 45 per cent of the overall development assistance.” It said that the overall disbursement total also includes banana payments totalling EURO 19 million (US$23.7 million) which was distributed in St. Lucia, Dominica and St. Vincent and the Grenadines to assist them in diversification of the agricultural sector and to create safety nets for banana farmers. In the case of Antigua and Barbuda, the European Union disbursed nine million EUROS (US$11.2 million)  under its special vulnerability assistance scheme which was set up to help eligible African, Caribbean and Pacific (ACP) countries countries deal with the affects of the global financial crisis. […] In the case of Barbados, the European Union disbursed EURO 12.1 million (US$15.12 million) in grants in 2010.

Source: Caricom News Network