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Mar 03, 2015 News
Guyana is set to receive up to Euros 34M over the next five years as part of the European’s grant aid programme.
The Delegation of the EU to Guyana, in a statement yesterday, said that the allocation to cover the period ending 2020 will focus on climate change adaptation, disaster reduction and sustainable infrastructure, including sea defences and building upon successful cooperation in this area in the past.
“The EU is the largest grant donor to Guyana and is a committed partner to Guyana’s development. This year will mark the celebration of 40 years of EU-Guyana cooperation,” the delegation said yesterday.
The Euro 34M was announced yesterday by European Union’s High Representative and Vice-President, Federica Mogherini, and Commissioner for International Cooperation and Development, Neven Mimica, and was part of the bigger Euro 30.5B worth of the 11th European Development Fund (EDF).
“The EU and its member states remain collectively the world’s largest donor, providing more than half of global official aid. As an important part of its external action, the EDF is a cornerstone of the EU’s international cooperation and development policy that concretely implements our partnership and dialogue with African, Caribbean and Pacific (ACP) countries under the ACP-EU Cotonou Agreement.”
The 11th EDF will finance EU development cooperation projects until 2020 to assist partner countries’ own efforts in poverty eradication.
The funds come from EU member states and will be managed by the EU to target the people most in need and to finance different sectors such as health and education, infrastructure,
environment, energy, food and nutrition.
“The promotion of good governance, democracy and the rule of law are also other key areas that are supported as is sustainable development, including sustainable agriculture and rural development.”
The delegation said that these are some of the ways how the EU and its members are clearly signaling support to the post-2015 Sustainable Development Goals so continued focus will be placed where the most impact can be derived.
“This is in line with our vision set out in the 2011 “Agenda for Change”. EDF long-term development programmes are always agreed in close partnership with each of the countries or regions. This ensures that cooperation is aligned to the respective national or regional priorities and that partner countries exercise their ownership of the development process.”
In the past, the EU grants have been used especially in sea defence works.
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