Nay Pyi Taw: The European Union will provide additional 70 million euro (USD 76.09 million) to help enhance food and nutrition security, improve the rule of law and establish peace in Myanmar, the regional grouping said on Monday.
Under the provision, EU will contribute to reducing poverty and improving food and nutrition security through a new aquaculture programme, a report cited an EU release as saying.
EU will continue its support to the reform of the police in its transition into a modern police service. The grouping will also increase its support for efforts to achieve a lasting peace in Mynamar.
Since the start of reforms in 2011, the EU has lifted sanctions, allocated substantial funding, initiated programmes and encouraged further reforms, said EU Ambassador to Myanmar Roland Kobia.
The Myanmar Sustainable Aquaculture Programme (MYSAP) is a 20 million euro commitment to reduce poverty and improve food security and nutrition, the release said.
Another 30 million euro fund is allocated to strengthen the rule of law and transform Myanmar police into an effective, efficient and accountable police service which respects human rights and fundamental freedoms and applies best international practices.
Peace Support in Myanmar, a 20 million euro commitment, aims at further supporting the ongoing peace process.
It will contribute to lasting peace, security and sustainable development by supporting the joint ceasefire monitoring mechanism, the national political dialogue and mechanisms for socio-economic recovery in conflict-affected areas, it said.