By Eric van Puyvelde | Thursday 02 September 2010
The European Commission approved, on 2 September, the first two financing decisions under the €264 million 2010 allocation of the V-FLEX mechanism to help the most vulnerable African, Caribbean and Pacific (ACP) countries cope with the impact of the financial and economic crisis. The V-FLEX mechanism is a short-term instrument with a budget of €500 million for 2009-2010.
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