DR will receive money

[NewsWhore]

For the next five years the DR will receive RD$12 billion (EUR220 million) as part of a non-refundable cooperation program. National Authorizing Office for European Funds (ONFED) director Onofre Rojas said that the funds are part of a promise made by the European parliament that seeks to direct 0.56% of its GDP towards development in African, Caribbean and Pacific (ACP) nations between 2007, and 2010 and 0.7% of its GDP between 2010 and 2015. But under pressure from ACP nations, the EU decided that it would not wait until 2015 to fulfill its commitment and will try to direct at least.056% of its GDP towards development in ACP nations. No word from Rojas on how the money would be used.

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