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, International trade: market access, subsidies and aid for trade, Agriculture trade, Transport
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 - 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

Commitments in: Private Sector development and financial services for the poor - Financial Institutions, markets, services and microfinance

“22. The EU will support investment with quick impact on productive activities and job creation for all. To this end, the Council notes the importance of increasing trade opportunities at all levels and of income opportunities for women. In this context, the Council invites all donors to work together in order to draw up a pipeline of accelerated infrastructure projects for 2009/2010. It further requests the EIB to reinforce its support to SMEs through the banking sector in all regions, including inter alia in the countries under the European Neighbourhood and Partnership Instrument (ENPI) 1, some of which are being severely hit by the current crisis...”

Scope: 
International

“27. The EU will work with regional organisations and the private sector to align investments in support of transport and trade infrastructure for agricultural products, linking markets and production areas, with particular attention to small farmers...”

Scope: 
International