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Wednesday, 21 November 2012

SADC-EU sign Funding Agreement

The European Union will grant 36 million euro for the support regional integration in the Southern African Development Community (SADC). The sum will also be directed towards the development of the institutional capacity of SADC Secretariat as well as Member States, including civil society.
The agreements signed on November 7 grant funds under three different programs- Regional Political Co-operation (18 million euro), the Institutional Capacity Development Program for 12 million euro, and a Technical Cooperation Facility for 6 million euro.
The Agreements were signed by Dr Tomáz Augusto Salomão, SADC Executive Secretary and Ambassador Gerard McGovern, Head of the European Union Delegation to Botswana and SADC.
According to Dr Salomão the event signifies "an important milestone in the bilateral relations between SADC and the EU and in the advancement of development cooperation for the SADC as one of the three agreements is the first contribution agreement between SADC and the EU”. Upon signing the Agreements, Ambassador McGovern stated that "despite the economic situation in the European Union, it was important that the EU keeps its promise towards partners like SADC.


Source: allAfrica