Video guest: Josephine Mwangi

March 2018
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Sunday, 18 March 2018
Madagascar: an additional 133 million euro European subsidy for Madagascar

The European Commission has announced an additional 133 million euros in aid to Madagascar. This announcement was made at a meeting in Brussels with members of the Malagasy Government in order to implement the mid-term revision of the 9th EDF (European Development Fund). This new budgetary envelope will be used to build up current programmes such as rural development and decentralisation, with expansion onto other sectors such as education, development of the capital city, water and energy. The Head of the European Commission in Madagascar also announced an annual review of the Commission’s programme at the end of November. Furthermore, the amount of the 10th EDF for the 2007-2013 period will be made known at the end of this year.
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The Agence Française de Développement (AFD) and the European Development Research Network (EUDN) are pleased to invite you to their third conference. This occasion, academics and development practitioners from both the North and the South will gather to exchange views on these critical issues. The conference aims at promoting a constructive dialogue between academic research and operational expertise, in order to
explore lessons and perspectives for ODA policies. Registration is open until December 2nd 2005.
The European Investment Bank has acquired a EUR 3.5 million equity participation in La Fayette Investissements s.i.c.a.r., a wholesale fund for microfinance institutions. Incorporated in Luxembourg, La Fayette Investissements will provide equity and debt financing to microfinance institutions in Africa and Asia, together with technical and management assistance from Horus, the French based microfinance technical assistance and service company. With a EUR 15.3 million capitalisation, La Fayette will provide start-up capital for microfinance institutions, whereas Horus will provide management support for La Fayette as well as its investee microfinance institutions. The capital of La Fayette is provided jointly by Horus (EUR 1.3 million), International Finance Corporation (EUR 3 million) Kreditanstalt für Wiederaufbau of Germany (EUR 3 million), Agence française de Développement (EUR 3 million), Financiering Maatschappij voor
Ontwikkelingslanden of the Netherlands (EUR 2 million and the EIB. The objective of La Fayette Investissements is to provide socially responsible senior and junior capital contributions to micro finance institutions in low-income countries in Africa. Therefore the equity participation in La Fayette answers to the key objective of the European Investment Bank's contribution to micro finance institutions in securing economic, social and environmental returns in projects it finances.
The European Commission and the UN Development Fund for Women (UNIFEM) will hold a conference, from 9 to 11 November 2005 in Brussels, to assess the effects of development cooperation on efforts to promote gender equality and to eradicate poverty. The conference is being organised as a follow-up to three important events in 2005 that have linked commitments to gender equality with Millennium Development Goals: the 10-year review of the Beijing Platform for Action, the adoption of the Paris Declaration on Aid Effectiveness and the 2005 UN Summit. Journalists are invited to a press briefing at the Renaissance Hotel in Brussels at 13.00 on Thursday 10 November by Lieve FRANSEN, Head of Unit for Human and Social Development and Gender Equality at DG Development and Noeleen HEYZER, Executive Director of UNIFEM.
Friday, 11 November 2005
Peter Mandelson, the EU Commissioner for Trade, participated in a confernece today on at the European Parliament on Trade, Poverty and Hunger. Find some extracts below:
How a trade round can deliver benefits that reduce poverty:
- by stimulating South-South trade, which requires the more advanced countries to reduce their tariffs. These tariffs have more impact on the poorest countries than they do on the economies of the developed world. Most tariffs in world trade are paid by developing countries to other developing countries ;
- by stimulating North–South trade, by urging all developed countries to follow the example of the EU’s Everything But Arms proposals. This will ensure that there is tariff and quota-free access world wide for everything, including agricultural products for the Least Developed Countries – these include three-quarters of African countries ;
- by ensuring as development friendly action as possible in particular critical sectors. For example, in cotton we should continue to press the US to change its policy by reducing subsidies to help Africa. We must also consider difficult sectors such as Sugar and Bananas where different developing countries are in very different positions and will need assistance that is specific to their needs – I strongly support generous financial help for the most vulnerable;
- by reducing, as we are, trade distorting agricultural subsidies as part of a comprehensive package. It is vital. This is a classic case where multilateral negotiation in the Doha Round provides vastly more development benefit than unilateral action ;
- by increasing market access while taking a responsible and cautious approach to removing preferences over time, and by avoiding the sort of wholesale “bonfire of the preferences” that would be involved in e.g. the US demands on agricultural market access;And finally, the opportunity to trade must be linked to the capacity to trade. That means building the infrastructure and the capacity for development - here the Commission has made credible Aid for Trade proposals.
On these key development issues we have announced our intentions at the G8 and now we must deliver by:
- Using Economic Partnership Agreements as the vehicle for linking progressive liberalisation with the capacity to trade, and by ensuring that development remains at the forefront of our ambitions for the Doha Round, and that the Hong Kong meeting, even if it does not deliver an ambitious outcome across the board, does produce a targeted and meaningful set of development measures.