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Tuesday, 12 November 2013

EU confirms its support for West Africa's development

European Commissioner for Development Andris Piebalgs announced new financial support for West Africa for the period 2014-2020, during a meeting with Ministers and authorities of other countries in the region, held on Tuesday 29 October 2013, to discuss the priorities to be funded during the next  7 years.
This funding amounts to some €6.4 billion (subject to confirmation by the European Parliament and Council) and is expected to support investments that generate growth and job creation for 300 million citizens in West Africa.
Appreciating the commitment, Commissioner Piebalgs said: "We only have to look at the challenges in areas like energy, infrastructure development and drought-driven food crises to understand that West Africa has a direct interest in our ability to address poverty eradication and sustainable development together."
He added: "Our new support reflects our ongoing commitment to investing in West Africa. But we want to see the region and its countries in the driving seat - I believe working together in such a partnership we can continue making major progress towards increased development and prosperity for this region."
The new funds are taking into account the new forms of implementation as set out in the Agenda for Change, the EU's blueprint to make development aid more efficient and more result-targeted, particularly through blending of funds (mixing grants and loans).

Source: AllAfrica