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Monday, 08 December 2014

EU-Seychelles: $6.4m in sustainable development & climate change

The Foreign Affairs Minister of Seychelles, Jean-Paul Adam, has signed two grant agreements with the executive body of the European Union totalling $6.4 million. The funds will be allocated towards sustainable development and climate change adaptation and mitigation programmes for the small Indian Ocean developing island state of just 90,000 inhabitants. According to a press statement issued this morning by the Ministry of Foreign Affairs, Minister Adam held talks with both the Deputy Secretary General of the European External Action Service, Maciej Popowski, and Neven Mimica, the newly-appointed European Commissioner for International Cooperation and Development of the European Commission during his one-day working visit to Brussels yesterday.

One of the financing agreements signed was a grant for EUR 2.2 million ($2.7 million) for the Seychelles National Indicative Programme. The grant will be funded under the 11th European Development Fund and will focus on capacity building through specialised technical assistance for studies, evaluations and analytical work under the Seychelles Sustainable Development Stategy (SSDS). The European Development Fund is the main instrument for European Union (EU) aid for development cooperation overseas, primarily in Africa, the Caribbean, and Pacific countries. Funding is provided by voluntary donations by EU member states and currently stands at EUR 31.5 billion ($39 billion). The second grant of EUR 3 million (S3.7 million) was allocated to Seychelles under the Global Climate Change Support Programme of the EU. The funds will be utilised for the implementation of the Seychelles’ national Climate Change Strategy (SSCS) by strengthening policy framework and supporting adaption to climate change measures in coastal areas.

Source: seychellesnewsagency.com