European Union supports state budgets of São Tomé and Príncipe

16 December 2015

The European Union will deliver 20 million euros over the next five years to support the state budgets of São Tomé and Príncipe, announced the new EU ambassador in São Tomé and Príncipe, Hemut Rudolf.

The aid will be delivered in instalments and is part of the 2014/2020 Indicative Cooperation Programme, which includes a total of 28 million euros, according to Portuguese news agency Lusa.

After an audience with Prime Minister Patrice Trovoada, the new ambassador said drinking water supply and sanitation were priorities for European financial aid, which has also earmarked 6.5 million euros for the agricultural sector, particularly to strengthen exports.

Rudolf was accredited as new EU ambassador in São Tomé and Príncipe by São Tomé President Manuel Pinto da Costa, last Friday. (macauhub/ST)