In Belgium, aid agreements worth 54 million U.S. dollars have been signed between the European?
In Belgium, aid agreements worth 54 million U.S. dollars have been signed between the European Economic Community's Common Market Commission and developing countries and regional organisations in Asia and Latin America.
SYNOPSIS: The aid agreements, known as "conventions", were signed at the Common Market Commission's headquarters in Brussels. The special meeting was chaired by Common Market Commissioner Claude Cheysson.
The amount of money being allocated to each country is worked out in European Units of Account. The total amount, of 45-million UA or 54 million U.S. dollars, was all allowed for in the 1977 budget. Next year's budget will be increased to 60 million units...about 72 million dollars. The money constitutes the EEC's aid programme for third world countries which are not associated with it under the Lome Convention. That's an agreement which groups the EEC and 52 African, Caribbean and Pacific states. The package was agreed by the Common Market's Development Ministers last month and the emphasis was placed on the rural sector and on foodstuffs, in an attempt to help the poorest people total of ??? developing ??? another six ???will benefit under the ??? programme.
The money made available has been carefully allocated, 33 per cent will go on storage of ??? and fertilizers, another 29 per cent will be for irrigation projects and over 14 per cent of the total will be spent on research. The Common Market Commissioners say that an important part of the aid is being granted in collaboration with other financial bodies, such as the World Bank, the Asian Development Bank and the Inter-American Development Bank.