EU confirms its support for development and integration in Eastern and Southern Africa and the Indian Ocean
EU Commissioner for Development, Andris Piebalgs, will today announce new financial support for countries in Eastern and Southern Africa and the Indian Ocean for the period 2014-2020. He will take part in discussions on the priorities for funding with Ministers and other authorities of the involved countries and of regional organisations.
The new EU support for the coming seven years will amount to some €7.5 billion (subject to confirmation by the EU Member States) and is expected to support investments that generate growth and job creation for the almost 400 million citizens in the region.
Commissioner Piebalgs commented: "There are many challenges to be tackled in this region, in areas like energy, infrastructure development and related to food crises that are caused by drought. Together, we can successfully work towards eradicating poverty and achieving sustainable development."
For more information: http://europa.eu/rapid/press-release_IP-13-1187_en.htm