Sun | Sep 24, 2017

Government receives €6.5m for sugar programme

Published:Monday | January 23, 2017 | 1:00 AM
Samuda

The European Union has handed over  €6.5m (J$910.19m) to the Government under the Accompanying Measures for Sugar Protocol Countries, AMS 2013 Financing Agreement.

The funds were handed over by Head of the European Union Delegation to Jamaica, Ambassador Malgorzata Wasilewska, to Finance and the Public Service Minister Audley Shaw last Thursday.

Assistance under the AMS 2013 Financing Agreement supports the implementation of the Jamaica Country Strategy (2006-2020) for the sugar cane industry through the Ministry of Industry, Commerce, Agriculture and Fisheries' Sugar Transformation Unit in the sugar-producing parishes of Westmoreland, Clarendon, Trelawny, St Elizabeth, St Catherine and St Thomas.

The allocation is the first of two variable tranches under the AMS 2013 Financing Agreement. A fixed tranche of €7.07m was disbursed in 2014.

Speaking at the handing over ceremony at the finance ministry's Heroes Circle offices, Minister of Industry, Commerce, Agriculture and Fisheries, Karl Samuda, welcomed the funds and noted that the programme has been pivotal in sugar-dependent areas.

Samuda also noted that the disbursement is based on the fulfilment of targets already funded by the Government.

"In accordance with our agreement with the EU, these funds are now being reimbursed," said Samuda.