2.4 Million Euro For Direct Budgetary Support

footage (2)Dominica will soon benefit from direct budgetary support, under the 10th European Development Fund (EDF) Multi-Sector General Budget Support Programme.

An amount of 2.4 million euros is expected to be disbursed before the end of 2013.

This is the second fixed tranche under an 8.46 million euro financing agreement between Dominica and the European Union.

 

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The first fixed portion of 3.2 million euros was disbursed earlier this year, after the fulfillment of general conditions of satisfactory progress of the GSPS – Growth and Social Protection Strategy.

The GSPS is the main tool to foster economic development and poverty reduction in Dominica and the 10th EDF multi-sector support programme will support its implementation.

The specific objectives aim at supporting Government to attain growth in the economy, to further generate jobs, reduce poverty and improve the quality of life for all Dominicans.

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