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Monday, October 30, 2017

First Guyanese project with the investment plan for Europe

Town planning, Local development, Co-op & Development,-,

News The President of the Commission signed today the first Guyanese project under the Juncker Plan on the occasion of the Conference of Presidents of the Outermost Regions

Europe supports the construction of a complex consisting of a residence for seniors and a hotel in the town of Macouria. The project, supported by the French Development Agency, is also an example of a combination between the Cohesion Policy funds, which contribute for 4 million euro here, and the European Fund for Strategic Investments (EFSI).
In addition, the Commission welcomes the extension of the risk sharing agreement between the European Investment Bank and the French Development Agency to the French Overseas Territories, such as French Polynesia, for example. Under the Juncker Plan, the two entities signed in December 2016 a framework program of 150 million euro to develop funding in the Overseas Departments, thanks to the European guarantee.

Source :  Press room - European Commission




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