European Union (EU) has announced to provide €265 million under the MultiIndicative Programme (MIP) 2021-2027.
This was disclosed by the deputy head of South and South-East Asia of theBrussels-based European Commission Ian Hoskins in a sub-group meeting ofdevelopment cooperation of the Pakistan European Union Joint Commission.
He said that the EU will provide €265 million during the first three yearsin areas of green inclusive growth and human capital and governance,including the rule of law and human rights.*Multifaceted Development Cooperation*
Meanwhile, Pakistan and European Union agreed on multifaceted developmentcooperation agenda in several sectors such as smart agriculture, economicgrowth, sustainable infrastructure, technical and vocational education,climate and green development, digital transformation, and health.
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During the sub-group meeting, both sides discussed the level of presentdevelopment cooperation, with an emphasis on cooperation in therehabilitation and reconstruction of flood-stricken areas and resolved todeepen their relationship for the socio-economic development of Pakistan.
It is pertinent to mention here that the European Union’s total ongoingportfolio in Pakistan is worth €630.19 million for 38 projects. Since 2001,over € 1.9 Billion have been provided to Pakistan. The Flood ReliefAssistance from the European Union to Pakistan amounts to € 44.24 million.
