Prime Minister Bruce Golding today, (January 25) received €28.87million (approximately J$3.37 billion) from the European Union at a Ceremony at Jamaica House. The funds were handed over by Head of Delegation, Ambassador Dr. Marco Mazzochi-Alemanni.
This brings the total grants from the EU into the 2010-2011 budget to €66.5 million or J$7.4 billion.
A total of €21.55 million of the funds will be used to actively reduce public debt stock and also to remove obstacles to sustained economic growth under the Debt Reduction and Growth Enhancement Programme. Jamaica has remained eligible for funding under this programme for successfully keeping to policies that promote stability in the economy and improved public financial management.
The remaining €7.32 million will improve the living conditions and growth prospects for Jamaicans through a reduced incidence of crime, streamlined justice processes and a more accountable public service. Funding is under the Security Sector Reform Programme. Approval for the funds were as a result of the construction of additional classrooms at the Jamaica Police Academy, design of a Human Rights Training Module for justice and security workers and the appointment of the Independent Commission for Investigations (INDECOM).
Issued by: The Office of the Prime Minister