EU announces new funding for the Caribbean

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The FINANCIAL — On June 11, EU High Representative/Vice-President of the Commission Federica Mogherini signed a €346 million new regional funding programme with the Caribbean region until 2020. This represents more than a doubling of the funds that were available in previous years (€165 million euros).

The programme, designed together with the Caribbean representative organisation CARIFORUM, establishes jointly agreed priorities for bi-regional cooperation. The signing took place on the occasion of the EU-CELAC (Community of Latin American and Caribbean States) Summit and the EU-CARIFORUM High Level Event in Brussels, according to European Commission.

Vice-President Mogherini said: “The EU and the Caribbean have strong historic, economic and cultural ties, based on common values. With this new funding, we want to further strengthen our common efforts towards more inclusive and sustainable development and prosperity and will continue to stand by the side of the Caribbean people to continue to develop our excellent, mutually beneficial partnership based on respect and common values.”

Commissioner for International Cooperation and Development, Neven Mimica said: “With the signing of the regional programme we can now mobilise resources for the implementation of our jointly defined priorities. This also illustrates not only the EU’s continued commitment but also continued engagement in the region.” 

 

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