EU reinforces its support to Central Africa

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The FINANCIAL — On June 23, Commissioner for International Cooperation and Development Neven Mimica, signed the Central Africa Regional Indicative Programme (RIP) of the 11th European Development Fund (EDF) for an amount of €350 million for the period 2014-2020.

The signature took place in the presence of Ministers and representatives of the Central African region, the Secretary General of the Economic Community of Central African States (ECCAS), and the President of the Commission for Economic and Monetary Community of Central Africa (CEMAC), according to the European Commission.

The programme, whose implementation will be monitored by a steering committee, will cover three areas: political integration and cooperation in peace and security (€43 million), regional economic integration and trade (€211 million, of which €135 million will go through the Infrastructure Trust Fund), and the sustainable development of natural resources and biodiversity (€88 million). Another €8 million is set aside to support technical cooperation and regional authorising officers. 

Commissioner Neven Mimica said: “Regional integration is only viable when driven from within the region. It is a means to fulfill the policy objectives set out in the Cotonou Agreement, and to build on the achievements which ECCAS and CEMAC have already made, in economic and monetary integration, in peace and security, in infrastructure and in environment and natural resources.”

 

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