The European Commission wants to make an amount of 444 million euros available for the Overseas Countries and Territories (OCTs), it was agreed during the Euro summit which concluded in Brussels early Tuesday morning.
The summit of the past four days, which was attended by Dutch Prime Minister Mark Rutte on behalf of the Kingdom, was focused on the financial aid to the southern European countries, but assistance to non-European Union countries was also on the agenda.
The OCTs in the Caribbean, the Pacific Ocean and the southern part of Africa originally received funding from the European Development Fund (EDF). In the package that was agreed upon during the summit, the OCTs were added to the list of candidate member states.
The support for the OCTs covers the period 2021-2027. The European Commission has not announced all details as yet, but in general the conditions of the EDF will be applied. The European Parliament still has to approve the plans.
The OCTs consist of the six Dutch Caribbean islands, Aruba, Curacao, St. Maarten, Bonaire, St. Eustatius and Saba, as well as the French islands in the Caribbean and Pacific, and the French southern and Antarctic territories, and Greenland, which is part of Denmark.
The Daily Herald.