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ITU and European Commission to create investment environment for ICT

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The International Telecommunication Union (ITU) has entered into an agreement with the European Commission (EC) for massive investment in ICT enabled applications. EC has allocated Euro 8 million grant from the European Development Fund, while ITU will grant USD 500 000 fund from its own resources.

The partnership between ITU and EC aims to harmonize regulatory frameworks and build the human as well as institutional capacity in the field of ICT. The agreement will also enable an environment for the USD 55 million commitments made at the Connect Africa Summit in Kigali, Rwanda in last October. While concluding the agreement, the Director of ITU's Telecommunication Development Bureau, Mr Sami Al-Basheer Al Morshid stated that ICT have the potential to meet the overall objectives of reducing extreme poverty and hunger, generating wealth and employment, ensuring environmental sustainability, promoting gender equality, improving literacy and health care, reducing child mortality, and helping governments and businesses through e-health, e-agriculture, e-learning, e-government, e-commerce, and other ICT-based applications. ICT can act as a catalyst to accelerate meeting the targets of the 2015 Millennium Development Goals.

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