Barbados gets EU funding
Barbados will get €3.5 million (BDS$9.2 million) in bilateral European Union funding for sustainable energy initiatives under the 11th European Development Fund (EDF) for the 2014-2020 period.
The island is among 21 African, Caribbean and Pacific countries that co-signed the National Indicative Programmes (NIP) under the EDF for a total amount of €339 million (BDS$891 million).
The list of signatory countries includes ten from the Caribbean – Antigua and Barbuda, Barbados, Dominica, Grenada, Guyana, Jamaica, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines, and Trinidad and Tobago; ten from the Pacific – Cook Islands, Marshall Islands, Micronesia, Nauru, Niue, Palau, Samoa, Timor Leste, Tonga, and Tuvalu; and one African country, Cape Verde.
European Commissioner for Development, Andris Piebalgs said the signatures mark the official go-ahead “to continue strengthening our development cooperation with the concerned countries”.
“These documents lay down the priorities for our joint work for the next seven years and will allow us to move ahead with the preparations of the concrete projects and programmes.
“For the European Union, it is essential that our programmes are drawn up in close cooperation with our partner countries, based on governments’ own policies and strategies and reflecting their stated needs. This is how we ensure that programming documents really support areas where the EU can add value,” added Commissioner Piebalgs.
The National Indicative Programmes represent an important step in the programming of EU aid. EU Member States agreed in 2013 the overall amount for development cooperation that will be channelled to 78 African, Caribbean and Pacific countries through the 11th European Development Fund EDF during the financing period 2014-2020.
In parallel, the preparations of a NIP for each of these countries started, defining the strategy and priorities for EU aid in each particular country. These preparations are done in close cooperation with the partner countries so as to ensure that NIPs support national priorities and reflect the local context.
This is in line with the EU’s vision for future development cooperation, the Agenda For Change, which calls for resources to be targeted where they are most needed and can be the most effective.