The loan was signed under the Caribbean and Pacific Impact Finance Facility (CPIFF) - a EUR 40 million lending facility which supports microfinance markets in
African, Caribbean and Pacific countries, targeting poverty reduction.
The EU president, Jose Manuel Barroso and Klaus Rudischhauser, the director for
African, Caribbean and Pacific countries and AU Commission chairperson, Jean Ping are expected to appear at the event.
The deal would result in aid of about $300m to banana growers in certain African, Caribbean and Pacific countries.
The International Centre for Trade and Sustainable Development said: "The new deal on EU banana import tariffs will be a boon to Latin American exporters but would trigger a drop in exports of the fruit from African, Caribbean and Pacific countries.
Caribbean banana producers have criticised a European Commission decision to allocate an increasing percentage of duty-free import quotas for
African, Caribbean and Pacific countries on a 'first come first served' basis.
ActionAid claims that Mr Mandelson is violating a trade and development treaty in a move which could threaten the jobs of millions of poor people in
African, Caribbean and Pacific countries.
But the EU is also the second biggest importer after Russia, because of preferential arrangements made with
African, Caribbean and Pacific countries, which guarantee stable prices.
The new Economic Partnership Agreements with
African, Caribbean and Pacific countries have taken EU openness for developing country exports to new levels, eliminating all duties and quotas for
African, Caribbean and Pacific countries.
October 4, 2008 (KHARTOUM) -- Sudanese official said the European Union Group lobbied the
African, Caribbean and Pacific countries in a bid to dissuade them from including their supportive position to the Sudanese president in the final communiquE[umlaut] of their summit.
Since the 1960s, the EIB has been playing a proactive part in European development cooperation policies with the
African, Caribbean and Pacific countries, supplementing with its loans the substantial input of grant aid from the Union and its Member States.
Today, European Commissioner for Development, Andris Piebalgs, and representatives from 21
African, Caribbean and Pacific countries, have co-signed the National Indicative Programmes (NIP) under the 11th European Development Fund for the period 2014-2020 in Apia (Samoa), for a total amount of 339 million.
According to Alder, the Cotonou Agreement is the cooperation basis among
African, Caribbean and Pacific countries and the European Union.
