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EU announces new funding of 230 mln euros to support sustainable development in Latin America, Caribbean

Xinhua, June 11, 2015 Adjust font size:

The European Union (EU) announced around 230 million euros (about 258 million U.S. dollars) to support the efforts towards the sustainable development of Latin America and the Caribbean, according to a statement of the European Commission on Thursday.

The announcement was made during the EU-CELAC (Community of Latin America and Caribbean States) Summit held in Brussels on 10 - 11 June, said the statement.

The statement also noted that the use of the fund would take into account the progress made in several parts of the region in recent years and would address the new challenges that have emerged.

"With this newly adopted EU cooperation package, we want to further strengthen and deepen EU-Latin America relationship. Throughout these new initiatives, we will work together to enhance sustainable development and promote more inclusive prosperous societies for the next generations in both our continents," said Federica Mogherini, High Representative for Foreign Affairs and Security Policy and Vice-President of the Commission. Endit