Press Release: Commission approves € 230 million to cushion the impact of the economic crisis in 13 African and Caribbean countries

The European Commission approved on 15 December 2009 the first financing decisions in favour of eleven African and two Caribbean countries for a total of € 230 million, including € 215 million under the so-called Vulnerability FLEX mechanism (V-FLEX). This is the first package of financing decisions in the framework of the € 500 million V-FLEX mechanism which was adopted in August 2009 as a response to the economic crisis for African, Caribbean and Pacific Countries (ACP).