Home > News > World
Tuesday July 15, 2014 MYT 1:25:03 AM
Tuesday July 15, 2014 MYT 1:26:03 AM
BRUSSELS (Reuters) - The European Union will resume giving direct development aid to the Guinea-Bissau government after it held presidential elections rated as "free and credible," the EU said in Monday.
The EU suspended aid to the government in July 2011 following a military mutiny. The bloc continued to give some money through international organisations and charities.
A May presidential run-off election won by former finance minister Jose Mario Vaz opened the way for a resumption of direct development aid to the government.
An EU official said the decision would allow the EU to support the authorities in ensuring vital state functions and providing basic social services. It did not provide any figures.
Guinea-Bissau's last election in 2012 was abandoned after soldiers stormed the presidential palace.
Weak state institutions, along with Guinea-Bissau's maze of islands and unpoliced mangrove creeks, have made the former Portuguese colony a paradise for smugglers of Latin American cocaine destined for Europe.
The country would have been in line to get about 100 million euros ($136.41 million) under the previous aid programme, covering 2007-2013, but it was only allocated around 40 million euros of that sum because of the EU's restrictions.
($1 = 0.7331 Euros)
(Reporting by Adrian Croft, Editing by Angus MacSwan)
Guinea-Bissau counts votes after big turnout in crucial poll
AU ends Egypt, Guinea Bissau suspension after elections
Guinea-Bissau votes in poll aimed at turning page on coup
Observers give Guinea-Bissau vote clean bill of health
Guinea-Bissau votes in post-coup presidential runoff
Israel calls Palestinian U.N. draft a gimmick
Putin says deal on Iran's nuclear programme 'very close'
Xi's visit to Macau deals cold deck to VIP gamblers
No risk of contagion from Greek vote - Italy economy minister
Ladies, time to stand up and fight for your man
Looking out for your ears
Remembering Tsunami 2004: No end to pain for family that lost five children
Hackers trick way into ICANN computers
Shapawi is the new DG of NSC
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)