Peru became the 31st Member to ratify the Constitutive Agreement of the EU-LAC International Foundation. And therefore being the 14th State of Latin America and the Caribbean to do so, at the same time, Peru contributed with 15,678.64 Euros to the Foundation’s annual budget, establishing them as a recurrent LAC contributor to the Foundation, as this is its third instalment.
Peru thus attests its firm commitment to the strengthening of the Foundation as an instrument of the bi-regional partnership, mutual knowledge and understanding between the European Union, Latin America and the Caribbean.
Since the entry into force of the Constitutive Agreement on May 17th, the Foundation operates as an international organisation, as intended by the Heads of State and Government of the 61 Member States of the European Union, Latin America and the Caribbean, and of the European Union itself, and is financed through voluntary contributions from its Members.
The Foundation is established in Hamburg, Germany, since 2011.