French Development Agency grants Euro 500000 to Mauritius for emerging sectors
The agreement is expected to help the AFD to strengthen its support to Mauritius in project planning and capacity building in emerging sectors such as medical waste management, rain water use, blue economy, seafood sector, and, finally, the study of submarine optical cable installations in Rodrigues. (Image: AFD)
Mauritius has been sanctioned a subsidy of Euro 500,000 (approx Rs 20.4 million) by the French Agency for Development (or Agence Française de Développement, AFD) in the form of a project planning and commercial capacity building fund.
The agreement is expected to help the AFD to strengthen its support to Mauritius in project planning and capacity building in emerging sectors such as medical waste management, rain water harvesting, blue economy, seafood sector, and, finally, the study of submarine optical cable installations in Rodrigues.
Mauritius’ financial secretary, Dev Manraj; the French Ambassador to Mauritius, Laurent Garnier and the Director of the AFD in Mauritius, Matthieu Discour, signed documents to formalize the grant of the subsidy, yesterday, September 22, 2014, in the meeting room of the Finance Ministry.
Dev Manraj used this occasion to thank the AFD, stressing the strong links forged with France through the aegis of the French Agency for Development.
The lasting relationship between the two countries has allowed major progress in terms of sector interventions that are centered on priority projects for development and the overall economic growth of Mauritius, he added.
He observed that all these separate achievements, while small in themselves, will add up to give the country a major boost in its transition to a high income economy.
Laurent Garnier, French Ambassador to Mauritius, for his part, exhorted the excellent relations between Mauritius and France.
He professed his pleasure at concretizing this agreement, which is intended to finance feasibility studies that are essential prerequisites before making any investment.
He also stressed on sustainable and thematic development, which is an agenda that dominates most AFD interventions.
For the management of rainwater, Laurent Garnier said that it is a subject which concerns all, and that it will be a question of defining and setting up a risk management strategy, to better fight against the risk of flood, and also combat the threat of climate change.
Next up, AFD Director Matthieu Discour noted that this financing will serve to finance feasibility studies, technical assistance, project planning and also actual activities for capacity building.
According to Dev Manraj, till date the support of the AFD to Mauritius – in the form of budgetary assistance, project financing, subsidies and private sector support – amounts to over Euro 500 million (approximately Rs 20.4 billion).
He concluded on the note that the AFD is a very proactive partner and, through funding support, is helping in the mobilization of project planning expertise and technical know-how to answer major challenges in capacity building.