Skip to content. | Skip to navigation

Personal tools
Sections
You are here: Home Breaking news EU hands Guinea EUR 140m, ending 5-year aid freeze

EU hands Guinea EUR 140m, ending 5-year aid freeze

27 January 2014, 22:34 CET
— filed under: ,

(BRUSSELS) - The European Union on Monday announced the release of 140 million euros in aid to Guinea, its first development package to the West African nation after a five-year suspension.

The EU executive, the European Commission, said the funds were released following "inclusive and peaceful elections" in September. Development aid was suspended after a December 2008 coup.

The aid will finance five development projects ranging from improving the country's roads to reforming the state's financial accountability.

The EU "is committed to supporting the Guinean government's efforts in finding its way back to sustainable and fair growth," said the bloc's Development Commissioner Andris Piebalgs.

He was to officially sign the five projects in Brussels with Guinea's Economy Minister Kerfalla Yansane.


Document Actions