EU launches new fund to support democracy in neighboring countries

EU launches new fund to support democracy in neighboring countries
# 10 January 2013 13:27 (UTC +04:00)

Baku. Victoria Dementeva – APA. EU launched new European Endowment for Democracy (EED) fund to support democracy in the neighboring countries. The fund is designed to bypass the more heavy administrative procedures attached to EU grant-giving and is open to journalists, bloggers, non-registered NGOs, and political movements, APA reports quoting EUobserver.

Movements in Azerbaijan, Armenia, Georgia, Belarus, Ukraine, Moldova, the Palestinian Authority, and the EU's southern neighbors will have access to the endowment.

The initial budget of the Fund will be €14.2 million. The EED signed an initial €6.2 million contract with the commission in September last year. Switzerland and a handful of other member states committed an additional €8 million.

Another €10 million from the commission is expected over the next three years.

The fund is the brainchild of Polish Foreign Minister Radoslaw Sikorski who initially proposed it in February 2011.

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THE OPERATION IS BEING PERFORMED