€3 M GRANT TO SUPPORT WATER SUPPLY SERVICES IN COASTAL SURINAME
AFD Regional Director Grégory Villeneuve and Minister of Finance Gillmore Hoefdraad
This grant funded under the Caribbean Investment Facility of the European Union will increase access to drinking water in the Marowijne district and set up a Water Supply Strategic Plan, in the wake of the significant reforms the Government has been carrying out.
In welcoming the EU allocation, Minister of Finance Gillmore Hoefdraad noted that “the organization is one of the largest providers of grant assistance to Suriname and we appreciate its support for both our investments and technical assistance needs”. The Minister also lauded AFD’s efforts in partnering with the EU to support this Project.
As stated by Grégory Villeneuve AFD Regional Director, “this funding complements the 12,500,000 euros financing AFD has previously made available to the GoS: it will increase the social impacts of the infrastructures financed under the AFD Loan in Paramaribo, Wanica, Para and Moengo, while ensuring the sustainability of the water sector. In total, 260,000 people living in the coastal area will directly benefit from the whole Project.”
The N.V. Surinaamsche Waterleiding Maatschappij will be responsible for the implementation whereas the funds will be administrated by the AFD.
About Ministry of Finance
The Ministry of Finance of Suriname is among others responsible for the financial and monetary policy of Suriname, the management of funds that are available for the implementation of development projects and the promotion of the financing of development plans, projects and programs.
About European Union
The European Union is made up of 28 Member States who have decided to gradually link together their know-how, resources and destinies. Together, during a period of enlargement of 50 years, they have built a zone of stability, democracy and sustainable development whilst maintaining cultural diversity, tolerance and individual freedoms.
The European Union is committed to sharing its achievements and its values with countries and peoples beyond its borders. The EU is the largest donor of development aid in the world. It is committed to increasing its contribution, and to donating at least 0.7% of its gross national income a year.
About Agence Française de Développement
AFD is France’s inclusive public development bank. It commits financing and technical assistance to projects that genuinely improve everyday life, both in developing and emerging countries and in the French overseas provinces. In keeping with the United Nations Sustainable Development Goals, AFD works in many sectors — energy, healthcare, biodiversity, water, digital technology, professional training, among others — to assist with transitions towards a safer, more equitable, and more sustainable world : a world in common. Through its network of 85 field offices, AFD currently finances, monitors, and assists more than 2,500 development projects in 108 countries.