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, Gender and economic opportunity, International partnerships and support for Pan-African institutions, Quality of aid, Political governance, Economic governance, corruption and crime
Organisation : EU
Date made: 
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.”


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”


Commitments in: Governance - Economic governance and public finance management

“10. The Council supports closer cooperation between the Organisation for Economic Cooperation and Development (OECD), the Financial Stability Board and the Financial Action Task Force with a view to improve financial transparency and, along with the UN, to fight against corruption, money laundering and other forms of illicit finance...”