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type: Answer
type: WrittenAnswer
answer has question: 760TKLRT
answer has answering person: FOcypHE2
answer text: DFID's £10.3 million annual bilateral programme to the Caribbean finances programmes in Guyana (£4.5 million a year) and Jamaica (£2.5 million a year), two of the most affected countries in the Caribbean, and support for regional objectives and institutions (£3.3 million a year), that benefits all six affected Caribbean Sugar Protocol countries.Funding from the regional programme is being made available to assist all these countries prepare their sugar action plans to set out how they adjust to the fall in European sugar price. These plans will enable them to benefit from the European Commission's (EC) forthcoming Transitional Assistance and attract possible investors from the private sector.In addition, Jamaica, Guyana and Belize benefit from UK financed debt relief. Under the UK bilateral Commonwealth Debt Initiative, Belize received £1.45 million and Jamaica £6.24 million in 2005. For Guyana, the UK will pay approximately $450,000 as its share (10 per cent.) of Guyana's debt service on loans from the World Bank's International Development Association (IDA) until all of its $260 million of IDA and International Monetary Fund debts are cancelled in 2006 under the recently agreed G8 proposal.The UK provides approximately £8 million a year to the four most affected countries (Belize, Guyana, Jamaica and St Kitts) through its contributions to multilateral agencies such as the EC.
answer given date: 2005-12-15+00:00
answer has answering body: g8hByIik
written answer has answering body: g8hByIik