Europe providing assistance to Anguilla
THE VALLEY, Anguilla, CMC – The Europe Union Ambassador to Barbados and the Eastern Caribbean Mikael Barfod has held talks with Chief Minister Hubert Hughes and Governor William A. Harrison ahead of the disbursement of EC$13.3 million (One EC dollar = US$0.37 cents) under the island’s Medium Term Economic Strategy (MTES).
The EU is providing an overall aid package of EC$38.5 million to Anguilla to help boost economic growth and development on the British Overseas Territory.
The EU aid programme particularly focuses on public finance management, economic diversification and social development, and reduced vulnerability to external shocks. Last year , Europe disbursed the first tranche of EC$12 million and an EU statement said that during his visit which ends on Wednesday, Barfod discussed progress in the implementation of the MTES and related reform policies, with a view to the next tranche disbursement of EC$13.3 million scheduled for June 2013.
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