EU 2005 EU Strategy For Africa: Towards a Euro-African pact to accelerate Africa’s Development, Brussels, Belgium, 12 October 2005

Sectors : Aid volume
Organisation : EU
Date made: 
2005
Level: 
Heads Of State
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Commitments in: Financing for Development - Aid volume

“The European Council agreed, on the basis of a Commission proposal, to double aid between 2004 and 2010, and allocate half of it to Africa. By making this commitment, the EU is still on track to reach the UN target of allocating 0.7% of its GNI to development aid by 2015. Compared to what is expected in 2006, this commitment should result in an estimated additional €20 billion in ODA per year by 2010 and an additional annual €46 billion per year by 2015. The EU also agreed to allocate at least 50% of this agreed increase to Africa.”

Scope: 
Africa

“3.2. Increase EU financing for Africa

....A more ambitious Community financial framework. In order to increase Europe’s collective leverage, the Community financing should be increased substantially. Approximately €4 billion shall be available on an annual basis for Sub-Saharan Africa under the post-9th European Development Fund (EDF) multi-annual financial framework for the ACP and other thematic and horizontal budget lines. In the framework of the conclusion of the negotiations on revision of the Cotonou Agreement, on 21 February 2005 the Council committed itself to “maintain its aid effort to the ACP countries at least at the level of the 9th EDF, not including balances; to this should be added the effects of inflation, growth within the European Union, and enlargement to take in 10 new Member States in 2004, based on Community estimates.” This EU Strategy for Africa should constitute the reference framework for the programmes and action under the post-9th EDF. In order to maximise their impact these funds should be allocated through national regional and intra-ACP indicative programmes on the basis of the principles of differentiation, subsidiarity and institutional sustainability. For northern Africa, the European Neighbourhood Policy in general and the implementation of the Action Plans in particular should be supported, from 2007 onwards, by a new dedicated financial instrument, the European Neighbourhood and Partnership Instrument (ENPI), which will replace MEDA and other instruments currently operating in neighbouring countries. In line with the strategy outlined in this document, the new financial framework should foster regional, inter-regional and pan-African cooperation and integration. Support for cooperation between north African and Sub-Saharan countries, subject to different cooperation agreements with the EC, should be facilitated. The EU should also ensure that north African countries will be able to participate in inter-regional and pan-African initiatives financed from the EDF. The ENPI should also include provisions for supporting cooperation between the countries of northern Africa and their Sub-Saharan neighbours on issues of common concern, including migration.”

Scope: 
Africa