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EU commits $11.9m to Fiji

Charlene Lanyon
Monday, June 13, 2016

A FURTHER $11.9 million has been made available to Fiji by the European Union to support sustainable energy and agriculture projects in the country.

European Commissioner for International Cooperation and Development Neven Mimica announced this at the Pacific Conference on Sustainable Energy and Climate Change in New Zealand this week and said the funding was part of $34.5m that was distributed to Fiji, Marshall Islands, Micronesia, Palau, Papua New Guinea (PNG) and Timor Leste.

"I am pleased to announce that to take forward our commitment to supporting investment the EU will make a special allocation to the EU Investment Facility for the Pacific to leverage investment projects in sustainable energy and agriculture in the region involving the private sector," Mr Mimica said.

"Agriculture is a key sector for sustainable development in the region and together with fisheries, agriculture provides the basic livelihood for the majority of the people in the Pacific.

"Our efforts and partnership to improving access to sustainable energy in the rural areas will no doubt facilitate agricultural growth."

Mr Mimica said improving the energy sector alone would not be enough therefore agriculture and rural development must also be assisted.

"The EU, jointly with the Pacific, have been at the forefront of international efforts to conclude the Paris agreement and will continue to support its implementation to reduce emissions and build resilience in developing countries, with a special focus on Small Islands Developing States.

"From 2014-2020, the EU will spend at least EUR14billion ($F33.26b), an average of EUR2b ($F4.75b) per year to support activities in developing countries."

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