The Bilateral Fund supports initiatives that strengthen the relations between Donors (Iceland, Liechtenstein, Norway) and Cyprus. The main goals are to support and increase cooperation, networking and the exchange of knowledge between the countries involved. The Bilateral Fund aims to upgrade political, professional, social and economic ties between the Donor Countries and Cyprus. The initiatives may be implemented either within the Programmes agreed on in the MoUs, or through initiatives taken outside of the framework of the Programmes. The Joint Committee for Bilateral Funds has the responsibility of approving and oversees the implementation of the Fund for Bilateral Relations in order to achieve the goal of strengthening bilateral relations. These bilateral initiatives are managed by the Directorate General Growth, Ministry of Finance that is the National Focal Point (NFP) responsible for the Bilateral Fund implementation, monitoring and reporting. Examples of bilateral initiatives funded in Cyprus are:
- How to best implement the United Nations Security Council Resolution (UNSCR 1325) in Cyprus
- Epidemiology of Asbestos Cancer in Cyprus and Biomarker Discovery
- Assessment of Climate Change Effects on Pollution Transport in Cyprus, “ACCEPT”
- New infrastructure for diagnosis and treatment of patients
- Development of an Information & Collaboration Centre for Young and Female Entrepreneurs
- Multidisciplinary management through mutual training and study visits
- The Green Pivot: Cyprus and the regional energy market. An overview of the parameters placing Cyprus at the heart of national and regional interconnected market.