BRADES, Montserrat, CMC – Montserrat says it will receive funding for development programmes under the 11th European Development Fund (EDF) during the period 2014-2020. The European Union Foreign Affairs Council Monday approved the level of funding for the 11th EDF for the period 2014-2020 of which Euro 364 million pounds (One Euro = US$.1.25) is for the Overseas Countries and Territories. “This was hard fought and is an increase of 58.8 million over the original proposal and in the face of considerable scepticism by member states who do not have associated territories,” according to an official statement released here.
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