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Friday, 25 May 2012

Standby Facility to help with EPA implementation in the Caribbean

According to latest updates, CARICOM member states will be the beneficiaries of funding from the EU. The Caribbean Development Bank (CDB) will enter into a contribution agreement with the EU,  for a €3.5 million EPA Standby Facility.  Although the implementation period of the Facility will be thirty-six months, the two parties may agree to an extension.
These funds are to be used by the beneficiary countries for national EPA implementation units; for administrative, technical and other support for national focal points and for technical assistance assignments to advise on or to assist in taking advantage of opportunities under EPA.  

Source: Caribbean Press releases