Mauritius gets 140 million euro EU budget grant
The European Union
said on Monday it was giving Mauritius 140 million euros in direct
budgetary assistance for 2011-2013, to help the Indian Ocean island’s
reforms towards becoming a high-growth economy.
Alessandro Mariani,
the EU’s ambassador to Mauritius, said the new grant was a substantial
increase over a previous allocation, which reflected the island’s
performance on reforms of its economy and the sugar sector.
Mauritian sugar
producers have been hit hard after the European Union cut its
guaranteed price for African, Caribbean and Pacific (ACP) sugar by 36
percent. The final tranche of price cuts took effect in October 2009.
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