Javascript Menu by Deluxe-Menu.com

SKNBuzz Radio - Strictly Local Music Toon Center
notices | birthdays | movies | photos | deaths | ferry schedule | toon center
SKNVibes | Click Here For Our Home Page...
Hello. Sign in to get exciting, personalized features & options. New user? Start Here!.
Local News |  Regional News |  International News |  Video News |  News Archive                                                                 
 Local News  >  GENERAL NEWS
Posted: Tuesday 26 March, 2013 at 3:32 PM

St. Kitts and Nevis to benefit from EU and CDB Agreements

   news home  |   view comments  |   post a comment  |   print article  |   save article  |   add to favorites  |   email a friend  |   report a typo  |   send us feedback  |   letter to the editor Bookmark and Share
Advertisement
You need Flash player 8+ and JavaScript enabled to view this video.
By: Erasmus Williams, Press Release (CUOPM)
Comments    1 Recommend    6

    BASSETERRE, St. Kitts, March 23rd, 2013 (CUOPM) – St. Kitts and Nevis is to benefit from two agreements signed between the European Union (EU) and the Caribbean Development Bank (CDB).
     
    The Agreements totalling US$9 million (EUR6.95 million) are to support CARICOM countries in their continued progress towards implementation of the Economic Partnership Agreement (EPA) and the CARICOM Single Market and Economy (CSME).
     
    The combined agreements represent a total amount of EC$24,415,300 (EUR6, 950,000). US$1.26 million of this amount have already been disbursed to the CDB.
     
    The “CSME Standby Facility for Capacity Building” aims to provide capacity building measures to CARICOM Member States in the implementation of the CSME at the national level. It is expected to strengthen the administrative capacity of national CSME implementation units.
     
    The “EPA Standby Facility for Capacity Building” seeks a similar result with the national administrations in CARIFORUM Member States (CARICOM plus the Dominican Republic) in charge of EPA Implementation.

     

    Both programmes will be managed by the CDB, and run until the end of 2015. All Member States are expected to benefit from at least one grant under each facility, whilst some resources under the EPA stand-by facility have been set aside specifically for Haiti. These grants will range from USD203,000 to USD284,000 (EUR150,000 to EUR210,000).

     

    The CDB will provide technical assistance to Member States in order to ensure that States with lesser capacity are in a position to access the Standby Facilities for Capacity Building and to improve the quality of applications.

     

    These two facilities form part of the overall support of the EU to the Caribbean Regions’ activities in relation to CSME and EPA, which stands at USD37 million (EUR27.5 million) and USD63 million (EUR46.5 million) respectively.

     

    Commenting on the objectives of the two programmes, the EU Head of Delegation, Ambassador Mikael Barfod, said: “The European Union is delivering on its commitment to support the beneficial integration of CARICOM and CARIFORUM states both within their own Region as well as into the global economy in particular through the advancement of the CSME and the EPA.”

     

     

     

     

     


    *************************
      DISCLAIMER
      
     
    This article was posted in its entirety as received by SKNVibes.com. This media house does not  correct any spelling or grammatical error within press releases and commentaries. The views expressed therein are not necessarily those of SKNVibes.com, its sponsors or advertisers     
            

     

 BUSINESS FINDER
7568 text it... find it...
Search our directory with your mobile phone... Text any search criteria to '7568' and get instant results on any mobile phone.
 FEATURED TOON 
 Beauty Over Comfort 
 Wednesday, 30 July, 2014 
 VIEW ALL TOONS 
Business Directory
News
Sports
Education
Health
Justice
Religion
Market Place
Entertainment
Money
Island Facts
Politics
Travel
Opinion
About Us
SKNVibes | We are here to help...
We're here to help. Call: 869-466-9242
Email: support@sknvibes.com