5 Sep 2010

EU begins dispersing aid

8:40 am on 5 September 2010

The European Union has begun to disburse over $US338 million in aid to help 19 countries in Africa, the Caribbean and the Pacific cope with the global economic crisis.

The funding is the second part of a $US641 million million programme launched last year to help countries most affected by the crisis due to their poor resilience to external shocks.

Allocations will be made later this year for the other 17 countries - including Samoa, Tonga and Tuvalu.

The EU says the aid will help maintain their level of public spending in priority areas.