Council Conclusions on Supporting Developing Countries in Coping with the Crisis, Brussels, 18 May 2009

Sectors : Economic governance and public finance management, Financial Institutions, markets, services and microfinance, Domestic resource mobilisation, Aid volume, Quality of aid, Debt relief, Gender and economic opportunity, International partnerships and support for Pan-African institutions, Political governance
Organisation : EU
Date made: 
2009
Level: 
Heads Of State
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Commitments in: Financing for Development - Domestic resource mobilisation

“...9. The EU will step up support for their efforts to mobilise domestic resources for development, including through improving public financial management (including gender responsive budgeting) and the soundness and effectiveness of their tax and customs systems. The EU will also support developing countries in creating an enabling business environment, in order to attract foreign investment. The EU underlines the importance of the concept of corporate social and environmental responsibility.”

Scope: 
International

Commitments in: Financing for Development - Quality of aid

“29. ...The EU will continue implementing its 2007 Strategy on Aid for Trade1 in all its dimensions, including on financial commitments and aid effectiveness principles...”

Scope: 
International

Commitments in: Financing for Development - Debt relief

“11. ...the EU will further work towards enhancing the impact of remittances on development, including through the reduction of transaction costs...”

Scope: 
International

Commitments in: Financing for Development - Aid volume

“3. To ensure a fair and sustainable recovery for all, the EU reaffirms its commitments to support developing countries in meeting the MDGs and to achieve our respective Official Development Assistance (ODA) targets1. The EU will take targeted, counter-cyclical measures aimed at protecting the most vulnerable countries and groups and at sustaining economic activity and employment, with particular attention to the private sector and productive capacity. The EU will also improve the effectiveness of its aid based on the principles outlined in the Accra Agenda for Action (AAA), work together for governance, stability and gender equality and promote an open global economy and more efficient and inclusive global institutions”

Scope: 
International

“13... The EU strongly reaffirms its commitment to achieve its ODA targets 1. It further reaffirms its commitment to channel at least 50% of collective aid increases to Africa and to meet collectively the target of 0.15% to 0.20% of GNP to the LDCs, while fully respecting Member States priorities in development assistance.”

Scope: 
Africa