EIB Backs Mauritius Sugar Reform

The European Investment Bank is lending 15 million euros (USD21 million) to help boost the sugar industry of Mauritius, Financial reports. The loan, which will be given to Omnicane, will be used to support sugar sector reforms as well as finance the improvement of sugar storage and handling facilities.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.