The Government of the Commonwealth of Dominica has signed an 8.9 million Euro Financing Agreement with the European Union to further support the continued efforts of the Government to rehabilitate the country after the damage caused by Tropical Storm Erika in 2015.
The Financing Agreement was signed by Honourable Francine Baron, Dominica’s Minister of Foreign Affairs and Stefano Manservisi, European Commission Director General for International Co-operation and Development at the recent EU-CELAC Summit held in the Dominican Republic.
The objective of the support programme is to continue to assist the country in its efforts to re-establish the full functioning of basic services in critical areas, enhance resilience on a nationwide basis and to improve public financial management. The focus of indicators for the disbursement of funds will be on water infrastructure, the energy sector and public financial management.
The overall post-Erika rehabilitation project, which will be carried out through the Ministry of Finance, is part of efforts of the Government of the Commonwealth of Dominica to source concessionary and/or grant funding that will mitigate the effects of tropical weather phenomena.
The project is being financed under the 11th European Development Fund (EDF) and will be administered via the General Budget Support Programme.
In the margins of the presentation of credentials on 2nd November 2016 by the new European Union Ambassador, Daniela Tramacere, to His Excellency Charles Savarin, President of the Commonwealth of Dominica, Ambassador Tramacere also held a meeting with Honourable Prime Minister Roosevelt Skerrit where details of the Financing Agreement were discussed.
Immediately following the damage caused by Erika, the EU’s Humanitarian Aid and Civil Protection Department provided EC$913,000 in
emergency humanitarian funding to assist those most affected.
The Government and people of the Commonwealth of Dominica wish to once again express our gratitude to the European Commission, and the hardworking staff of the Delegation in Barbados for their energy and unwavering support given to Dominica and its people, as we respond to developmental challenges and utilise disaster and climate resilience as a pillar of Dominica’s sustainable development strategy.
Meanwhile, during her accreditation visit to Dominica Ambassador Tramacere, also discussed other aspects of Dominica’s co-operation with the European Union, such as the programme of Banana Accompanying Measures (BAM). Dominica was allocated 15.27 million euros for the BAM and, to date, 95 per cent or 14.5 million euros of all BAM funds have been contracted.
More money again? First tell me how much AID monetary and otherwise was accounted for for the first 6 months after Erica. Account for what you have already received first.
so the colonizers according to skerrit, still giving us money
Money for the red clinic
Dno can you please be more clear in your news reporting… Is this a loan or grant funding?
Excuse my ignorance, but is this a loan or a grant?
I had a discussion with a friend last week. She is a senior bureaucrat who works in the ministry of finance in one of the Canadian provinces. I asked her if there was a special language taught in government circles that precludes them from writing in plane simple language that most ordinary people can understand. She agreed that the government communications folks speak a language all their own.
More debt on poor people.
The EU gave lots of ‘aid’ to Ireland, Italy and Spain – via debt. The economies of these countries are now in ruins with employment running at – 60%. Taxes have gone up both direct and via stealth to ‘repay’ this debt and their governments nothing more than puppet regimes of the EU.
Do we really need handout from the EU? Especially as we will never get them in the long run (just like our passport sales income) but despite that it will be us that will repay these loans via taxes.
No, the people of Dominica are not happy with his loan when our fellow human beings in Spain, Italy and Greece are in EU-enforced AUSTERITY mode and living from hand to mouth.
We don’t need this debt, we do not need money from the servants of evil.
Passage of Erika was a blessing in disguise for the DLP (Dominica Lazy People) Those funds are very well needed but they’re not going to be used on anything the “Storm” affected.
The funds are NEVER ‘given’. They are debt instruments which will be called up at some stage. We won’t be able to repay them, so the EU will step in with an ‘austerity’ program for us which will include us ‘tightening’ our belt and paying more, and more in tax to ‘bail out’ the lenders.
They did the same thing to Greece, Ireland, Italy and most of the Eastern European EU countries who stupidly took the money. These countries are now debt slaves to the EU.
Check out Ireland.
Just for 1 visit to your GP – Euro 100 + plus meds (around Euro 150;
Emergency treatment at a hospital – Eur 100 MINIMUM for everyone
Bus/ rail fares – 100% increases every year
VAT at 23%
Earners of Euro 60K pa, or so, pay more than 60% tax.
DON’T BE FOOLED, SAY NO TO EU DEBT – IT’S A TRAP!