Thu | Jun 24, 2021

Eurozone crisis won't necessarily affect aid, says EU Caribbean head

Published:Thursday | June 28, 2012 | 12:00 AM

BRUSSELS, Belgium:

John Caloghirou, the head of the Caribbean Division of the European Union, says the current Eurozone crisis is unlikely to result in a reduction in aid to developing countries.

"We have not had any indications that because of the financial crisis that we are going through right now that we will cut back here or there. Therefore, that is not the case," Caloghirou said.

On Monday, the UK Guardian reported that the flow of aid from Europe to the world's poorest countries fell by €700 million in 2011 as the financial crisis forced 14member states to cut development assistance.

But Caloghirou on Tuesday insisted that a cut in financial assistance might not be on the table.

"I am not aware of any disbursements that were due under ongoing programmes that have been in any way, shape or form held up because of the financial crisis. That has not happened and it is not foreseen to happen," he added.

In the meantime, Caloghirou said discussions are taking place on how the next financial protocol for the EU to developing countries will be crafted. He noted that the discussions centred on tailoring packages to the needs of countries.

"The neediest might get more and the less neediest might get less," he said.

"It is premature to make any judgements but nevertheless, the Caribbean, in its vast majority, is in the upper middle-income countries and therefore is not in the same category as the least-developed countries of the world."

He, however, said: "We are very far away from any form of development cooperation for the Caribbean."