The Africa-EU Partnership - A Joint EU Strategy, Lisbon, Portugal, 9 December 2007

Sectors : Aid volume, Debt relief, Quality of aid
Organisation : AU, EU
Date made: 
2007
Level: 
Heads Of State
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Commitments in: Financing for Development - Aid volume

"50. In order to achieve the objectives set out in the present Joint Strategy, partners should urgently work on more predictable and less volatile aid, focusing on results. The EU therefore reaffirms its determination to reach the targets agreed in the context of the Monterrey consensus in May 2005 to increasing ODA volume to individually achieve 0.51% ODA/GNI for those Member States which joined the EU before 2002; to strive to achieve 0.17% for those Member States which joined the EU after 2002 within their respective budget allocation processes, and collectively achieve 0.56% ODA/GNI by 2010 as an intermediate step towards achieving the UN target of 0.7% by 2015. By 2010, attaining the 0.56% ODA/GNI should correspond to at least an additional €20 billion in ODA per year, and no less than 50% of this increase will benefit the African continent. The EU will respect and implement these commitments and will take appropriate measures to guarantee a timely delivery of aid commitments towards Africa. Partners will also make further efforts to keep debt at sustainable levels and, where debt becomes unsustainable, consider debt cancellation in the framework of existing initiatives and fora.

51. Africa and the EU will also strengthen their cooperation in the implementation of the Paris Declaration on aid effectiveness. They will further promote alignment and harmonisation of development aid instruments, increase the use of general and sectoral budget support where circumstances permit, and cooperate closely to implement the EU's commitments to promote complementarity and division of labour.

52. The predictability of development aid should be promoted and the EU will work toward a limitation of conditionalities and further move towards result-oriented aid, with a clear link with MDG indicators and performance. In this context, Africa and the EU will also improve and expand their cooperation in the field of statistics so that policies and decisions are made on the basis of clear evidence.”

Scope: 
Africa