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

Sectors : Employment and Training, Gender and economic opportunity, Financial Institutions, markets, services and microfinance, Science, research and technology general
Organisation : AU, EU
Date made: 
Heads Of State
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Commitments in: Private Sector development and financial services for the poor - Employment and Training

“55. Employment issues, notably social protection, the shortage of employment opportunities and the promotion of decent work in Africa, will be jointly addressed, with priority being given to creating productive jobs in the formal economy, improving poor living and working conditions in line with the UN decent work agenda and integrating the informal economy into the formal. Investments in private sector development will be promoted, looking in particular to youth and women. The service sector will be further developed as this is where women and youth are mostly involved. Africa and the EU will make technology work for employment, and will ensure that infrastructure works to create jobs for Africans, both skilled and unskilled. In addition, attention will be paid to the creation of jobs through micro-finance schemes. As generally disadvantaged groups often benefit substantially from such microfinance schemes they should be actively pursued.”