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- 1EIB and partners launch €5.6m sargassum package for Dominican firms▼EIB, European Commission and ADOPEM turn the tide on sargassum with €5.6 million package for Dominican businesses
The European Investment Bank, the European Commission and Dominican financial institution ADOPEM have unveiled a €5.6 million support package for Dominican businesses affected by sargassum seaweed. The funding aims to help small businesses in the Dominican Republic cope with the economic impact of the recurring sargassum influx on coasts, fisheries and tourism, turning an environmental problem into a managed challenge.