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EU increases support for Central Africa

Xinhua, June 23, 2015 Adjust font size:

The European Development Fund (EDF) is to allot 350 million euros (about 392 million U.S. dollars) for the period 2014-2020 to support Central Africa, an increase of 185 million euros since the organization's last funding period.

European Commissioner for International Cooperation and Development Neven Mimica signed the program deal on Tuesday.

According to a press release issued by the European Commission, the implementation of the Central Africa Regional Indicative Program (RIP) of the 11th European Development Fund (EDF) will cover three areas and be monitored by a steering committee.

About 43 million euros of the support program will be allocated to areas of political integration and cooperation in peace and security. As well, 211 million euros will go to regional economic integration and trade, 88 million euros will go to sustainable development of natural resources and biodiversity. Another eight million euros is set aside to support technical cooperation and regional authorizing officers.

Previous funding for Central Africa under the 10th European Development Fund amounted to 165 million euros.

The region of central Africa includes 11 countries, which are Angola, Burundi, Chad, Equatorial Guinea, Gabon, Cameroon, the Central African Republic, the Democratic Republic of Congo, the Republic of Congo, Rwanda and Sao Tome and Principe, according to the press release. Endit