17 Aug 2007

European Union to release funds for Fiji sugar industry

9:48 am on 17 August 2007


The European Union has confirmed that it will soon begin releasing funds to help Fiji's ailing sugar industry.

Fiji TV reports that this is part of the financing package signed between the EU and the interim finance minister, Mahendra Chaudhry, in June.

The EU's programme coordinator for the sugar sector, Xavier Conton-Lamousse, says about 5-million Fiji dollars would be channelled into the Sugar Cane Growers Fund, the Sugar Research Institute and the Sugar Commission.

He says the funds should be released within the next two months.