(MENAFN- Kuwait News Agency (KUNA)) BRUSSELS, Dec 7 (KUNA) -- The European Union Friday announced new funding totalling 125 million euro (USD 142 million) for the Sahel countries at the coordination conference of the G5 Sahel partners and donors, which took place yesterday in Nouakchott, Mauritania.
The fresh injection of the money will be used for the swift launch of new initiatives, which are in line with the priorities set by the G5 Sahel to enhance development and security, it said in a press release today.
EU Commissioner for International Cooperation and Development, Neven Mimica, said: "The additional 125 million euro announced by the European Union will focus on development projects in the most vulnerable areas, with an immediate impact on the living conditions of local communities." In 2014, Burkina Faso, Mali, Mauritania, Niger and Chad set up the G5 Sahel group of countries to promote closer cooperation and address the major regional challenges facing them, including extreme poverty, terrorism and human trafficking. (end) nk.mt
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