Namibia and EU to sign budgetary support toward education
02 Nov 2016 17:20pm
WINDHOEK, 02 NOV (NAMPA) The European Union (EU) is to provide budgetary support toward the education sector to the tune of Euro 27 million (N.dollars 402 million).
European Union (EU) Ambassador to Namibia, Jana Hybáková told President Hage Geingob on Tuesday her office and that of Minister of Economic Planning Tom Alweendo will sign a budgetary support agreement before the end of the year.
Hybáková was speaking when vice-president of the European Investment Bank (EIB) Pim van Ballekom and his delegation called on Geingob at State House.
I am hoping before the end of this year we will be signing the budgetary support (agreement) toward the education sector in Namibia, she said.
Hybáková explained that the support was discussed on 20 October 2016 by 28 European Ministers of Development as part of the European Development Fund (EDF) committee that agreed to allocate financial support to different sectors in Namibia.
The funds discussed, including education, are the budget support of Euro 27 million (N.dollars 402 million) toward the livestock support programmes in the northern parts of the country, specifically veterinary services and about Euro 8 million (N.dollars 119 million) toward non-governmental organisations such as the Namibian Conservancies and the Namibia National Farmers Union (NNFA).
Geingob welcomed the EUs budgetary support toward the education sector and asked Alweendo to sign the agreement.
He also said he was happy with the finalisation of the EPA negotiations, started when he was Minister of Trade and Industry.
I glad of things you are mentioning here, he said.
The Head of State has invited the EIB vice president and his delegation to the upcoming Invest in Namibia Conference 2016 scheduled for 08 to 09 November 2016.
It will be held under the theme 'Promoting Investment for Inclusive Growth and Industrialisation'.