|Ivory Coast: Defiant Gbagbo surrenders|
Forces arrested former President Laurent Gbagbo after storming his residence on Monday. Gbagbo defied calls to step down after an electoral commission declared he lost a presidential election in November to Alassane Ouattara. Ouattara has been recognized internationally as the legitimate winner.
A violent power struggle followed the standoff, with supporters loyal to both sides taking to the streets in protests since December. Hundreds have been killed, according to the United Nations and the International Committee of the Red Cross.
Andris Piebalgs, EU commissioner for development, announced the recovery package on Tuesday.
"We will stand by Ivory Coast and its people by immediately starting to work with the government of President Ouattara to support him in getting the country on the right track towards reconciliation, democracy, economic recovery and sustainable development," he said.