Central America presses Europe for community credit

Central America is seeking the European Union's backing for the establishment of a joint fund to reduce regional poverty and promote development and socio-economic growth.

Thursday, April 17, 2008

The proposal came from the Central American bloc at the third round of talks on an accord with the European Union. The EU's representatives reacted positively, but the proposal is subject to approval in Brussels.
The establishment of the fund was first raised by Manuel Coronel Kautz, the Nicaraguan deputy foreign minister at a meeting last July of representatives of the Central American countries and regional financial and trade institutions.



More on this topic

Central America and European Union to Create Financial Fund

April 2009

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

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."

EU Arranges to Meet in Brussels with Central America

April 2009

Following the suspension of round 7 of negotiations, Europe called together an "informal meeting" with Central America to try to overcome the conflict with Nicaragua.

Following the withdrawal of the Nicaraguan delegation, prompted by the rejection by the EU and the other Central American countries of the proposed establishment of a 60 billion Euro fund to fight poverty in this region, the reactions of various sectors were not long in coming, especially from Central American entrepreneurs who demanded the continuation of the talks with or without Nicaragua.

Central American negotiators meet before heading to Brussels

November 2008

The technical teams will meet in Guatemala next week to come up with a consensus for the proposal that they will take to the sixth round of negotiations.

The main negotiators and the technical teams will meet from November 24 to 28 to try to establish their main positions for the sixth round of negotiations, which will be held in Brussels, Belgium, from December 8 to 12.

Central America asks EU for infrastructure assistance fund

July 2008

Central America will ask the European Union for a proposal to set up an Economic Fund of Financial Credit during the fourth round of negotiations to establish a trade association.

The fund would be used to reduce the infrastructure disadvantages that Central American countries face relative to Europe.

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