Cuba and EU sign Memorandum of Intent

A memorandum of intent between the Cuba and EU was signed approving the financing of cooperation projects worth €61. 5 million.

The aims of this agreement is to strengthen the cooperation in various areas, including adaptation to climate change, renewable energy and food security. 

These projects will be fulfilled through the support for the modernisation of the economy. Past successful projects included an exchange program of experts and the two windows to facilitate investment and exports from Cuba.

“One of the objectives of the memorandum is to provide European resources and experiences in order to build resilience”, says Stefano Manservisi, Director General of Cooperation and Development of the European Commission.

“This year’s relations between the two sides have advanced in areas such as renewable energy, environmental protection and the exchange of experiences in the modernisation of the economy, as well as the establishment of the first subcommittee on cooperation”, added Rogelio Sierra Díaz, Cuba’s Deputy Foreign Minister.