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Romania: US' Marshall Fund Earmarks 20m Dollars For Black Sea Democr

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  • Romania: US' Marshall Fund Earmarks 20m Dollars For Black Sea Democr

    ROMANIA: US' MARSHALL FUND EARMARKS 20M DOLLARS FOR BLACK SEA DEMOCRACY

    Rompres news agency
    5 Jun 06

    Bucharest, 5 June: The Marshall Fund of the United States announced
    on Monday 5 June, at a summit meeting of the Black Sea Forum for
    Dialogue and Partnership, having set up a Black Sea Fund for funding
    democracy consolidation, good governance, regional cooperation and
    civil society development projects in the Black Sea area.

    The Marshall Fund has earmarked 20m dollars for the establishment of
    the Black Sea Fund and started negotiations with the US Agency for
    International Development (USAID), the Charles Stewart Mott Foundation,
    the Romanian government as well as with other US and European public
    and private donors over support for this initiative.

    Marshall Fund Chairman Craig Kennedy says the Black Sea area is vital
    to long-lasting stability and peace in Europe, the United Sates and
    NATO. According to him, the Black Sea Fund will help secure progress
    in the region, as well as at national and international levels.

    An annual fund of 42m [dollars] will be available for the earmarking
    of two fellowships of between 1,000 dollars and 75,000 dollars for
    which NGOs, local and regional authorities, learned bodies and the
    media of the Black Sea Forum countries -Armenia, Azerbaijan, Bulgaria,
    Georgia, Moldova, Romania, Russia, Turkey and Ukraine - will qualify.

    According to a press release of the Marshall Fund, the fellowships
    will be distributed for two main components - the Civic Programme,
    under which the consolidation of democracy, the state of law, good
    governance, citizen education in participatory democracy are supported,
    and the Cross-Border Programme for cross-border cooperation projects.

    The Marshall Fund highlights the important contribution of Romanian
    President Traian Basescu and the Romanian Foreign Ministry to the
    establishment of the Black Sea Fund, mentioning that it is conducting
    negotiations with the Romanian government over setting up the Fund's
    secretariat in Bucharest.

    According to the release, the Black Sea Fund will become operational
    this year.
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