Posted by: africanpressorganization | 22 June 2010

EIB President welcomes second revision of Cotonou agreement and signs technical support for Liberian energy project through West African Power Pool

 

 


 

 

EIB President welcomes second revision of Cotonou agreement and signs technical support for Liberian energy project through West African Power Pool

 

 

OUAGADOUGOU, Burkina-Faso, June 22, 2010/African Press Organization (APO)/ — Earlier today the European Union and 79 countries from Africa, the Caribbean and the Pacific (ACP) proceeded to the signature, in Ouagadougou, of the second revision of the Cotonou Partnership Agreement. The latter will notably allow the European Investment Bank to enhance its financing of regional infrastructure projects together with ACP sponsors. It will also offer the possibility for the Bank to accompany South African intermediaries in their drive towards regional economic integration for projects located in the rest of Africa.

 

During the ACP-EU Joint Council, EIB President Philippe Maystadt reiterated the Bank’s commitment to actively contribute to the financing of climate change projects in developing countries and proposed to launch an EU climate action initiative together with the European Commission and EU Member States.


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