CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

EU to grant 17 million euros to Madagascar

07-09-2012 17:18 BJT

ANTANANARIVO, July 9 (Xinhua) -- The European Union will grant a non-repayable sum of 17 million euros to Madagascar to support preparation of elections, a statement from the Malagasy Prime Minister office said on Monday.

The decision was taken during the mission of Madagascar's Prime Minister Omer Beriziky in EU headquarters, Brussels, last week, the statement said.

The 2 million euros will be released on the condition of political stability in Madagascar, and the prime minister promised to the EU Commissioner for Development Andris Piebalgs that efforts will be made in Madagascar to make this sum available in the shortest delay possible.

The 15 million euros remaining are part of the European Development Fund (EDF) and its release depends on the preconditions of the EU, the statement said.

However, the EU waits only for the publication of election date in Madagascar and wants to comply with the schedule suggested by the United Nations electoral experts, which were in mission in Madagascar some months ago. These experts already announced that the next elections in Madagascar should be done from May 2013.

The Malagasy prime minister asked the EU Commissioner for Development, Andris Piebalgs, during his meetings in Europe to maintain this fund for Madagascar.

 

Editor:James |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program