European Development Fund finances development of Guinea-Bissau

4 March 2015

The European Union (EU) will provide Guinea-Bissau with indicative financial support of 105 million euros for the next five years, the EU delegation in Bissau said in a statement Tuesday.

The financial support for Guinea-Bissau is part of the 11th European Development Fund (EDF), which entered into force on Monday, with a total allocation of 30.5 billion euros to support development projects throughout the world.

The EU resumed financial aid to Guinea-Bissau after the 2014 elections – which re-established the constitutional norm lost with the coup of April 2012.

“The electoral process in 2014 and the inauguration of the legitimate authorities allowed the return to democratic and constitutional normality and thus paved the way for the normalisation of relations and political dialogue between the European Union and Guinea-Bissau,” according to the statement.

The EU has already provided initial emergency aid to Guinea-Bissau in the amount of 20 million euros, half of which was delivered in 2014. (macauhub/GW)