Posted by: nativeiowan | April 19, 2011

Good or bad…

I actually see this as “bad newz”…

EU ranks SI “good performers” to benefit from millions of Euros additional funding

Brussels: The results of the mid-term review (MTR) of the 10th European Development Fund (EDF) has categorized Solomon Islands as “good performers” and placed it amongst the only 19 other ACP countries eligible to benefit from an additional Euro 300million (3.3billion) funding from the European Union (EU).

Solomon Islands scored only A s’ and B s’ under the 10th EDF MTR performance assessment by the EU, which focused on four components: Governance, Economic situation (macro-and-micro), Poverty situation/progress towards achieving the MDGs and European Community Cooperation.

Speaking in Brussels, Belgium the Minister of Planning and Aid Coordination, Hon. Snyder Rini, said he was extremely pleased with the achievement, given that so far Solomon Islands is the only country in the 16 member PACP to benefit under the temporary vulnerability flex facility where the EU provided €15.2 million to assist with mitigating the effects of the recent global financial and economic crisis. Likewise, Solomon Islands has also benefitted from EU assistance under the EU-Pacific Climate Change initiative.

“I’m absolutely happy to learn about the excellent result and would like to assure the EU of Solomon Islands commitment to deliver on those projects which we will embark on together and the wider EU-Solomon Islands cooperation under the Cotonou Agreement,” he said.

The achievement by the Government to open the opportunity to accelerate and sustain progress in efforts to attain the Millennium Development Goals (MDGs), in particular MDGs 1, 4, 5 and 7.

Mr Rini accompanied by his Permanent Secretary (Ag) Allan Daonga, were in Brussels last week to attend the ACP National Authorising Officers (NAOs) and Regional Authorising Officers (RAOs) Meeting in Brussels.

Meanwhile, besides the €300 million allocation, Solomon Islands is also eligible to benefit from €700 million ($7.8billion) open to all African, Caribbean and Pacific (ACP) countries which were intended to foster progress toward the MDGs under the EU’s European Initiative on MDGs.

Mr Rini said his ministry will without delay convene a meeting with the EU mission in Honiara and with other relevant stakeholders to put forward Solomon Islands project proposals to meet the deadline fixed by the EU.

He said the “good performing” rank truly reflects the major and successful steps taken by the Government in ensuring that EU money is fully utilized to benefit the people of Solomon Islands especially on the attainment of the MDGs.

The attainment of the MDGs has been at the core of the objectives of the EU development policy as reflected in the European Consensus on Development and other key policy documents like the 2008 EU Agenda for Action.

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