EU Ranks As The No.1 Aid Donor To St Vincent

The relations between St. Vincent and the Grenadines (SVG) and On European Union (EU) axe underpinned by the Joint Caribbean-EU Partnership Strategy, the Cotonou Agreement and the CARIFORUM (Caribbean Forum – Forum of the Caribbean Group of African, Caribbean and Pacific Stalcsblill Economic Partnership Agreement (EPA) OVA and the EU share a long history culture and a broad base of common values.

Both share a commitment to global peace, progress and prosperity as well as to democracy, human rights, and the rule of law.

The EU continues to be an active partner in supporting regional integration and cooperation, based on its Own experience.

The EU ranks as no. 1 in terms of the volume of aid provided to the country.
The EU ranks as no. 1 in terms of the volume of aid provided to the country.

The economy of SVG relies heavily on tourism and investment for development and hence is inherently susceptible to external factors. Working together to fight criminal networks is a priority of EU-SVG relations. Strengthening cooperation and capacity building as well as addressing the root causes behind the criminal activity and its social impact are key aspects in this regard.

SVG and the EU face a number of common global challenges and concerns and are committed to act in a coordinated manner to find joint responses at the international level.

The 10th EDF allocation for Saint Vincent and the Grenadines was ELM 1252 million aimed at modernising the health sector.

A further allocation of EUR 993 million was made from the Banana Accompanying   (BAM) for the Agricultural Development and Modernisation Programme. The EU ranks as no. I In terms of the volume of aid provided to the country out of approximately fifteen 115) donors. The EU provides 65% (2010) of Official Development Assistance to

The EU provides 65% (2010) of Official Development Assistance to SVG. EU support and cooperation is provided in support of the efforts of SVG to recover from the effects of recent global economic and financial crises, revive the agricultural sect macro-economic stability, and achieve the Millennium Development Goals.

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