European Union to finance development projects in Eritrea to curb illegal migration | Diplomat News Network
  • Custom Search

European Union to finance development projects in Eritrea to curb illegal migration

By Editor
In WORLD NEWS
Jan 30th, 2016
0 Comments
1208 Views
Loading...
TWITTER

EU Ambassador Christian Manahl signing the cooperation programme (NIP) of 200 MEUR with Eritrea. Focus on energy and governance.  January 28,2016

EU Ambassador Christian Manahl signing the cooperation programme (NIP) of 200 MEUR with Eritrea. Focus on energy and governance.
January 28,2016

Asmara, Eritrea ( Agencies + DIPLOMAT.SO) – According to the reports from Asmara , the Eritrean Minister for National Development, Giorgis Teklemichael, and EU Head of Delegation, Christian Manahl, signed on Friday in Asmara the National Indicative Program (NIP) under the 11th European Development Fund

This framework program of €200 million, which defines Eritrea-EU development cooperation for the next five years, focuses on renewable energy and governance. It was approved by EU Member States in the EDF committee in November 2015.

The NIP will support Eritrea in operating an important shift in its energy policy and in harnessing its rich potential of solar, wind, and geothermal energy, as well as contributing to international efforts to mitigate climate change.

Recognising the key role of energy for socio-economic development, this component of the NIP will bring affordable, clean and reliable energy to rural areas hitherto without electricity and enhance overall electricity production.

Furthermore, it will improve energy efficiency by rehabilitating the distribution grid in Asmara and Massawa, the European Development Fund Agency said on Friday.

The smaller, but equally important governance component offers the Government of Eritrea expertise and capacity building to improve public financial management, modernize its financial sector, enhance economic planning and put it on a sound statistical basis, and implement the recommendations of the UN-led Universal Periodic Review on human rights.

This long-term cooperation program, will proceed upon implementation of agreed objectives in these two sectors, is in line with the EU’s global objectives of poverty reduction and with EU climate policy.

It supports the efforts of the Government and people of Eritrea to increase productivity, encourage investments, create employment and business opportunities, and thus address some of the root causes of irregular migration, the agency said.

Recommended For You.

A destroyed T-55 tank in Eritrea — a relic of an earlier war. David Stanley/Flickr photo
A destroyed T-55 tank in Eritrea — a relic of an earlier war. David Stanley/Flickr photo Asmara,

Loading...
TWITTER For more news and stories, join us on Facebook,Twitter , Google+ and Subscribe our Youtube Channel, or contact us through our Email: diplomatsonews@gmail.com

Leave a Reply

Your email address will not be published. Required fields are marked *

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close