The Eritrean government and European Union today in Asmara signed the €200 millionCooperation Agreement under the 11th European Development Fund (EDF) 2014 – 2020 National Indicative Program.

The Agreement was signed by Dr. Giorghis Teklemicael, Minister of NationalDevelopment, and Mr. Christian Manhal, Head of the European Union Delegations toEritrea.

By signing the Eritrea National Indicative Program, the European Union and the Government ofEritrea agreed to converge efforts on two most critical areas of the socio-economic development until the year 2020 – notably energy efficiency and sustainability, and improved governance.

Accordingly, out of the €200 milliondevelopment fund, a lion share of €175 million will be funneled to energy, €25 million on publicfinance management, capacity building and technical assistance.

The deal makes Eritrea the highest per-capita recipient of European Developmentassistance.

The EU believes supporting the energy sector is crucial for the Eritrean socio-economic development as it allows better access to social services, including schools, hospitals and health centers. The support will also facilitate irrigated agriculture and the development of the country’s considerable fishing potential.

Today’s signing of the Cooperation Agreement marks a major milestone in the fostering of the 23 years old Eritrea – EU ties of development cooperation.

 

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