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Madagascar: 455 million euros of funding from the European Union pending due to the establishment of the new Government




The European Union will grant to the Malagasy authorities a fund of 455 million euros, and this, in the title of the 11th European Development (EDF) for the period 2014-2020 Fund.
 
This European fund will however be released after the establishment of the new government of Madagascar after five years of political and institutional crisis that have lived the island and in the wake of the lifting of sanctions from the Cotonou Agreement in June 2010 and Article 96 thereof, as reported by the newspaper L'Express de Madagascar.
 
"I said that they are non-repayable grants, which are not new debts to Madagascar. The amount of this allowance has been fixed according to some criteria, it will thereafter as the absorptive capacity of the country," recalled on Wednesday Leonidas Tezapsidis, Ambassador of the European Union and head of Delegation of the European Commission in Madagascar.



Antso Rajaona


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