World

EU commits $133 million in investment aid for Latin American, Caribbean nations at summit

Associated Press
Published | Updated

Delegations begin to gather for the EU-CELAC summit in Brussels on Wednesday, June 10, 2015. European leaders and their Latin America and the Caribbean counterparts meet on a biannual basis in an effort to maintain international and economic ties. (AP Photo/Virginia Mayo) (The Associated Press)

Jamaica's Prime Minister Portia Simpson Miller, center, is greeted as she arrives for the EU-CELAC summit in Brussels on Wednesday, June 10, 2015. European leaders and their Latin America and the Caribbean counterparts meet on a biannual basis in an effort to maintain international and economic ties. (AP Photo/Francois Walschaerts) (The Associated Press)

Dutch Prime Minister Mark Rutte, center, waves as he arrives for the EU-CELAC summit in Brussels on Wednesday, June 10, 2015. European leaders and their Latin America and the Caribbean counterparts meet on a biannual basis in an effort to maintain international and economic ties. (AP Photo/Francois Walschaerts) (The Associated Press)

The European Union has committed 118 million euros ($133 million) in investment support for Latin America and Caribbean nations at the start of their two-day summit.

The EU Commission said Wednesday that the combination of loans, grants and other financial operations would seek to enhance trans-Atlantic cooperation.

The executive of the 28-nation EU said the support will center on the transport, energy and environment sectors in the nations.