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Friday, 10 October 2014

Sierra Leone: EU will spend Le2.2 trillion in Salone’s development process

The European Union and the Government of Sierra Leone in June signed the National Indicative Programme through which Sierra Leone will receive EUR 376 million (over Le2.2 trillion) to focus on good governance, education, sustainable agriculture and food security and infrastructure for the period 2014 – 2020. Ambassador Peter Versteeg said the EU believes that post-Ebola Sierra Leone will have to continue with the development programmes, but because of the Ebola crisis that will have dented the country’s economy, the government will need urgent funding to kick-start development.“This is where we will come in to help again because we will not want to see a situation where projects that have been suspended because of Ebola can’t re-start.”“We will have to help the government in the recovery process and we believe other partners will come in to help the government,” he said.

He explained that the National Indicative Programme (NIP) constitutes the formal commitment of grant funding provided by the EU under the European Development Fund (EDF) and was signed by the EU Commissioner for Development, Andris Piebalgs, and former Minister of State for Finance and economic Development, Momodu Kargbo in the margins of the ACP-EU Joint Ministerial Council held in Nairobi on 19-20 June. EU Member States agreed in 2013 the overall amount for development cooperation that will be channeled to 78 African, Caribbean and Pacific countries under the 11th EDF for the period 2014-2020 (total amount €29.1 billion).

Source: awoko.org