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The European Union Signs Financing Agreement with PIFS to Support Pacific Investment Projects

The agreement, signed in Suva is worth €20 M (FJD 44 million) and is aimed at supporting Pacific regional investment projects through the Investment Facility for the Pacific, a mechanism that supports inclusive and sustainable growth in the Pacific by combining EU grants with other public and private sector resources such as loans and equity in order to leverage additional financing and achieve investments in infrastructure as well as support to private sector.

Director-General Manservisi reaffirmed the role of the European Union as a reliable partner of the Pacific and highlighted the importance of the Investment Facility for the Pacific.

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Isolina Boto
2 April 2017

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