The European Union
The European Commission (EC) is the executive branch of the European Union
(EU). The body is
responsible for proposing legislation, implementing decisions, upholding the Union's treaties and
the general day-to-day running of the Union. Collectively the twenty seven member states that currently
compromise the EU, make it one of the world's largest economic and political
In 2001, the European Union (EU) provided a
€6 million (euro) grant towards the funding of the
five-year Poverty Reduction Programme (PRP). On November 20, 2000 and December 11, 2000, the
European Commission (EC)
and the Government of Jamaica (GoJ), respectively signed Financing Agreement No. 6349/JM to the tune of 7 million
euro. The JSIF contributed
the remaining 1 million euro ‘in kind’. The PRP had an initial Closing Date of December 31,
2005 but was extended to June 30, 2006.
As a result of the
relative successes of this sub-project a new agreement was drafted known as the Second Poverty
Reduction Programme (PRP II). On April 10, 2007 and June 18, 2007, the European Commission (EC)
and the GoJ, respectively, signed the 10 million euro Financing Agreement No. 964/JM for a grant, of which the EC undertakes to provide 8.5 million euro and the GoJ 1.5 million
euro as counterpart funding. The Financing Agreement entered into force June 18, 2007 and comes to
an end December 31, 2013.
European Union (EU) Banana Support Programme Rural Diversification Programme
has provided a 1,156,000 euro grant to fund the Infrastructure Improvement Project for Traditional Banana Growing Communities.
Counterpart funding of 289,000 euro has been provided by the Government of Jamaica (GoJ), making a total project cost of 1,445,000 euro. The Project will be implemented over a two-year period which began on December 24, 2008 and slated for completion December 23, 2010. During this period, JSIF will work closely with stakeholders such as community groups, government agencies and non governmental organizations to ensure compliance with established JSIF standards.
The European Union Website