Monday, June 21, 2010

EU to grant 60 million Euros to Sri Lanka

The European Union has allocated an indicative budget of 60 million euros in grants, as the second part of the EU country strategy for Sri Lanka.

The EU delegation states that through this program it is focusing on the needs of vulnerable communities in particular those affected by the conflict which was brought to an end last year, while it supports positive developments towards peace, consolidation and reconciliation.

The program will mainly focus on medium term assistance in the North and the East of the country.

During the period 2007-2010, the EU's project work included socio-economic measures to support conflict-affected returnees and host communities in Sri Lanka.

Ongoing or foreseen activities aim mainly at improving livelihood opportunities and rehabilitation.

Together with complementary EU funds for housing and food security, the overall portfolio of projects decided in 2008 and designated as the "EU-Assistance to Conflict Affected People" (EU-ACAP) amounts to 53.2 million Euros.

© Asian Tribune

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