February 23, 2007
St. Kitts-Nevis has received EC$9 million (US $3.5 million) as the first installment in promised European Union (EU) assistance to support the closure of its 350-year-old sugar industry.
The first trance of money under the sugar adaptation strategy represented the roll out of the EU eight-year assistance programme for former sugar producing countries in the Caribbean.
Prime Minister Dr. Denzil Douglas, in signing the grant agreement with Amos Tincani, European Commissioner to Barbados and the Eastern Caribbean, said the funds would primarily be used to assist government with building capacity in the post-sugar environment.