African, Carribean, European ministers talk development in Nairobi
17 June 2014, 15:15
Nairobi - Kenya is hopeful of benefiting from the African, Caribbean and Pacific Group of States and the European Community (ACP-EU) Development Fund.
This follows the conclusion of the 39th session of the ACP-EU council of ministers meeting.
The meeting has kicked off in Nairobi and will run until Friday.
It is a follow-up to the session which was held in Brussels, Belgium last year.
Kenya is a signatory to the Partnership Agreement between the African, Caribbean and Pacific Group of States and the European Community.
According to a Ministry of Foreign Affair statement, this Partnership Agreement gives momentum to the relationship between the ACP States and the European Union.
Under the Cotonou Partnership Agreement framework, the ACP countries and the European Union negotiate development support through the European Development Fund (EDF) which is implemented through Country Support Strategies.
“Kenya attracts assistance mainly in budget support, infrastructure development as well as agriculture and rural development,” read a Ministry of Foreign affairs’ statement. It further stated that under the 10th European Development Fund, 2008 – 2013, Kenya was allocated Euro 399.4 million (approximately. Kshs. 40 billion) in the three support areas.”
“The 99th session is expected to discuss funding mechanisms under the 11th EDF that will start from September 2014 to run for a period of seven years,” read the Foreign Affairs’ statement.
– CAJ News
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