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HomeNewsEU secures financial support worth €1.19 billion for North Africa

EU secures financial support worth €1.19 billion for North Africa

The European Union (EU) decided to secure financial support to partner countries amounting to more than €15.6 billion from existing external action resources that are part of plans to deal with the impact of the COVID-19 pandemic, the EU said in a press release issued on Wednesday.

From the overall package of E15.6 billion, €3.25 billion are channeled to Africa, including €2.06 billion for sub-Saharan Africa and €1.19 billion for the Northern African neighborhood countries.

This action was decided to address the immediate health crisis and resulting humanitarian needs in partner countries, as well as longer term and structural impact on societies and economies in partner countries, the statement specified.

According to the statement, In Tunisia, payments to ongoing EU budget support programs will be mobilized quickly to support nearly €250 million in liquidity to the Tunisian Treasury.

“This will contribute to the government’s efforts to cope with the socio-economic consequences of the pandemic,” the statement reads.


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