News

Montserrat Gets $4.8 Million in European Union Funding

By: Caribbean Journal Staff - February 8, 2015

Above: Montserrat

By the Caribbean Journal staff

Montserrat is receiving just under $4.84 million in funding from the European Union.

The funding is coming as part of the 10th European Development Fund General Budget Support Programme.

It’s the third tranche of a wider total of $17.65 million USD in funding allocated to the territory by the European Union.

In a statement, the government said the funding would support the “continued modernization of the public finance management systems” and the implementation of the island’s 2008-2020 Sustainable Development Plan and Sustainability Road Map.

The objectives of the plan are “prudent Economic Management, Human Development, Environmental Management, Disaster Mitigation, as well as Governance,” the government said.

“The main thrust is to put in place an enabling environment, legislation, policies and institutional arrangements that can provide the framework for the development of a diversified economy, the facilitation of sustained growth and the generation of employment opportunities,” said Mikael Barford, head of the European Union’s delegation to Barbados and the Eastern Caribbean.

Popular Posts w punta cana

A New All-Inclusive W Hotel Is Opening This Year in Punta Cana 

The first-ever all-inclusive W Hotel in the Caribbean is opening this year in Punta Cana, Dominican Republic, Caribbean Journal has learned.  The hotel, part of a broad expansion for parent company Marriott International, is on the list of expected 2024 […]


Why Grenada Is a New Caribbean Luxury Hotspot

beach house silversands

From its world-renowned chocolate to its pristine beaches to a region-leading focus on sustainability, Grenada is as fascinating and unique as destination as you’ll find in the Caribbean.  But in the last few years, the lush Eastern Caribberan island has […]


5 Adults-Only Resorts to Visit Right Now in the Caribbean 

galley bay

Sometimes you just want that extra degree of serenity, of privacy, of seclusion. There is a reason, after all, that adults-only resorts are booming in popularity, particularly in the Caribbean: travelers want to know that when they arrive, they know […]


Related Posts caribbean rockefeller resort

This Former Caribbean Rockefeller Resort Is for Sale

In 1986, Laurance Rockefeller, the founder of Rock Resorts, developed 27 acres of prime beachfront land into what was for decades one of the sought after places to stay in the Caribbean. Now, the four-star, 150-room resort is for sale, […]


Vote for the 2024 Caribbean Green Awards, from Green Energy to Sustainable Hotels

caribbean green

Hotels serving organic food grown by local farmers. Airports powered by large solar fields. Pristine coastlines protected by marine parks. Real estate developments fueled by clean energy. It’s an exciting time for the Green movement in the Caribbean, a region […]


How to Fly Nonstop to Bonaire Right Now 

bonaire beach bars best

It’s easier than ever to fly to the Dutch Caribbean island of Bonaire right now, thanks to expanded service from a number of major carriers.  United Airlines, Delta Air Lines, American Airlines and WestJet are all currently operating service to […]


SUBSCRIBE!

Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.


No. Thank You