Source: afrol News

11 December - The small island nation of Sao Tome and Principe has been promised funds totalling over US$ 52 million during a donor round table meeting. The development aid funds are set to finance anti-poverty policies while the country waits for oil revenues to roll in.

The government of Sao Tome and Principe in an official statement has announced that international donors pledged to provide it with at least US$ 52 million during a meeting in the capital, Sao Tome. The funds were mainly to be directed at developing infrastructure (US$ 25 million), while 20 million went into education and training and 7 million into a good governance programme, according to the statement.

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Posted by pichu at December 11, 2006 2:11 AM