Central America and European Union to Create Financial Fund

In Brussels, it was decided to create a "financial mechanism" whose characteristics will begin to be defined "henceforth."

Friday, April 24, 2009

The negotiators also proposed a work schedule leading to the completion of the association agreement between Central America and the European Union in July. The next meeting will take place in Prague, on May 14, during the EU-Rio Group Summit."

According to the article in EcoDiario, at the Brussels meeting, the European Commission and the Central American countries - Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua - agreed, according to the communiqué, "to establish a bi-regional work group to discuss the creation of a financial mechanism for the development of Central America."

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