Brussels European Council – Presidency Conclusions, March 2009

Sectors : Aid volume, International trade: market access, subsidies and aid for trade, Quality of aid, Climate change - general
Organisation : EU
Date made: 
2009
Level: 
Heads Of State

Commitments in: Financing for Development - Aid volume

“22. ...The European Union will take a leading role at the global level in promoting a swift return to sustainable economic growth; strengthening our ability to manage crises; bringing forward the reform of financial markets; and supporting developing countries in order to avoid putting at risk the progress achieved in recent years, thus undermining their economic and political stability...”

Scope: 
International

“Supporting developing countries in responding to the effects of the crisis...

(xxii) Honour commitments to increase development assistance. Reaffirm commitment to deliver on the Millennium Development Goals. Meet aid-for-trade pledges and give duty-free and quota-free access to least developed countries.

(xxiii) Make full use of other official sources of financing, such as export credits and investment guarantees as well as development-oriented support in the areas of research and technology, peace and security, migration and climate change. Enhance the effectiveness and coordination of instruments and resources.
 
(xxiv) Enable Multilateral Development Banks to help counter the effects of the crisis in developing countries, particularly as regards the poorest and most vulnerable populations.”

Scope: 
International

Commitments in: Trade - International trade: market access, subsidies and aid for trade

“Leading international action necessary to promote a swift return to sustainable economic growth... (V) Support a multilateral initiative on trade finance, as the decline in trade finance contributes to the exacerbation of the decline in world trade. Support efforts to ensure that trade financing reaches all businesses, including small and medium-sized enterprises, in both the developed and the developing world, and that it does so quickly and without causing distortions.”

 

 
Scope: 
International

Commitments in: Climate Change - Climate change - general

“27. Significant domestic and external sources of finance, both private and public, will be required for financing mitigation and adaptation actions, particularly in the most vulnerable developing countries. The European Union will take on its fair share of financing such actions in developing countries. Future discussions on generating financial support should focus on, inter alia, different approaches, including a contributory approach based on an agreed scale, market-based approaches based on auctioning arrangements or a combination of these and other options.”

Scope: 
International