NewsWhore
01-25-2007, 05:10 PM
The European Union has agreed on an EUR40 million cooperation package for the DR. The first EUR10 million will be disbursed next week. The plan calls for the distribution of funds until 2008. EU ambassador Dino Sinigallia made the announcement. Sinigallia also announced that the EU would also be donating EUR5 million to the Apoyo Institucional a la Integracion Regional project. The EUR10 million is being considered as budgetary aid and will be transferred and administered by the newly created Treasury Ministry (Hacienda). The funds are non-refundable, according to Sinigallia, and as long as the Dominican government continues improving health and education indicators the EU will go on donating funds. After the first part is given out next week, EUR14 million will be disbursed by the end of the year and another EUR14 million will be handed over at the beginning of 2008.
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More... (http://www.dr1.com/index.html#5)