Brussels European Council – Presidency Conclusions, March 2009

Sectors : Aid volume, International trade: market access, subsidies and aid for trade, Quality of aid
Organisation : EU
Date made: 
Heads Of State
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Commitments in: Financing for Development - Aid volume

“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.”


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.”