Significant new EU support for Latin America announced
European Development Commissioner, Andris Piebalgs, will today announce new EU support of €2.5 billion for Latin America for the years 2014 to 2020 (including funding for regional programmes, and for the bilateral envelopes to the eligible countries).
The new financial package will be discussed today at the EUROsociAL conference in Brussels, where decision makers and high level representatives from the EU and Latin America will come together to discuss future cooperation between the two regions. Despite significant recent growth, inequality remains one of Latin America's most important challenges. Ahead of the event, Commissioner Piebalgs said: "This aid package marks a new step in the way we work with Latin America, and sends a very strong signal of our commitment to continuing to support the region’s development efforts. We are not turning our back on this continent; we are looking forward with it, together."
For more information: http://europa.eu/rapid/press-release_IP-14-307_en.htm
Factsheet on EU Cooperation with Latin America: http://europa.eu/rapid/press-release_MEMO-14-213_en.htm