ROSEAU, Dominica (CMC) – Dominica will receive Euro 2.4 million in budgetary assistance from the European Union, according to an official statement issued here.
It said that the funds, to be disbursed before year-end, will come from the 10th European Development Fund (EDF) Multi–Sector General Budget Support Programme.
The allocation represents the second fixed tranche under a Euro 8.46 million financing agreement between Dominica and the European Union.
Earlier this year, the island received Euro3.2 million after it successfully fulfilled the provisions of the progress of the Growth and Social Protection Strategy (GSPS).
“The GSPS is the main tool to foster economic development and poverty reduction in Dominica. The 10th EDF multi-sector support programme is to support the implementation of the GSPS. The specific objectives aim at supporting government to attain growth in the economy, which will generate jobs, reduce poverty and improve the quality of life of all Dominicans,” the statement said.
