Indian Ocean Times - only positive news on indian ocean

Madagascar: 455 million euros for the island as part of the 11th European Development Fund




Meeting between Andris Piebalgs, European Commissioner in charge of development and the Malagasy president Harry Rajaonarimampianina at the Iavoloha Presidential Palace - Photo Midi Madagasikara
Meeting between Andris Piebalgs, European Commissioner in charge of development and the Malagasy president Harry Rajaonarimampianina at the Iavoloha Presidential Palace - Photo Midi Madagasikara
Andris Piebalgs, European Commissioner in charge of development, currently in Madagascar at the head of a delegation met in midweek the president Hery Rajaonarimampianina at the Iavoloha Presidential Palace on the heights of Tananarive.
 
The meeting between the two men has been centered around Malagasy governance, the efforts already made and still to be implemented in terms of public safety in the island, of the protection of natural resources in the example of what is undertaken in Madagascar for the fight against the illegal trafficking of rosewood, and also the economic development of the country.
 
"My visit symbolises the return of Madagascar in the international community. This means that now, no sanctions of the European Union weighs on the island," said Andris Piebalgs, before recalling that a financial framework in the context of the 11th European Development Fund (EDF) valued at some 455 million euros should be allocated to the Malagasy authorities.
 
These unblocked funds should be used particularly to rural development, the strengthening of judicial institutions, rehabilitation of infrastructure, but also to create jobs and support social actions on the ground, as reported by the Midi Madagasikara newspaper.
 
"It's an initial envelope, but we will find a way to expand this budget," said Andris Piebalgs, European Commissioner in charge of development.



Antso Rajaona


More from Indian Ocean Times :
< >

Monday, April 11th 2016 - 07:19 A new Prime Minister for Madagascar

Friday, March 4th 2016 - 05:00 The Antananarivo declaration