French Agency provided non-reimbursable resources

Ecuadornews:

Non-reimbursable financing of 10 million euros was awarded by the French Development Agency (AFD) to the Development Bank of Ecuador (BDE) for the Technical Assistance Program to support investment in the water, sanitation and solid waste management sectors. 

The project will benefit the Decentralized Autonomous Governments (GAD). The official ceremony took place yesterday with the presence of authorities such as Finance Minister Carlos de la Torre; National Secretary of Water, Humberto Cholango; Byron Ruiz, manager of the BDE; and Mariana Van Steen, ambassador of the European Union (EU) in Ecuador.

“The EU considers that access to drinking water is a human right, worthy and universal. What we want mayors is to contribute to their local projects and to the execution of works in favor of Ecuadorians, “said Van Steen.

According to the BDE, the non-reimbursable allocation of the AFD will underpin the National Development Plan 2017-2021, through a system of economic and sustainable inclusion with works that generate new sources of employment, in addition to guaranteeing health security and a better quality environmental.

“This technical assistance program will greatly benefit all the GADs and their public companies, with the aim of achieving comprehensive, dignified and fair progress for all,” said Byron Ruiz. On January 22, in Bogota (Colombia), the French Agency and the Development Bank signed the agreement that accompanies the execution of a line of credit of $ 100 million, signed in December 2015, includes the Andes Agency.

With these resources, around eight projects of water, sanitation and solid waste management infrastructure have been financed, benefiting 1.5 million people. According to Andes, the AFD program is fed by EU non-reimbursable funds from the Latin American Investment Facility (LAIF). (I)

Source: http://www.eltelegrafo.com.ec/noticias/economia/4/agencia-francesa-aporto-recursos-no-reembolsables