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€3.25 billion mobilised for Mali

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Thursday, 16 May 2013

€3.25 billion mobilised for Mali

Financial commitments and pledges of €3.25 billion have been announced by 108 countries and international organizations at the international donor conference 'Together for a new Mali', organised by the European Union and France, together with Mali, took place on 15th May in Brussels.
The commitments have been made on the basis of the Plan for the Sustainable Recovery of Mali 2013-2014 (PRED) presented by the Malian government, which required a total of €4.343 billion budget needed for implementation.
The European Commission and the 27 member states pledged to provide €1.35 billion for Mali through 2014, including €12 million in humanitarian aid to meet the most urgent needs. This bring total EU humanitarian aid for Mali since early 2012 to €127 million.
European leaders made clear at the Brussels meeting that the aid comes as part of broader efforts to stabilise a West African region that has endured repeated food crises, political instability and armed conflicts.
French Foreign Minister Laurent Fabius emphasised the regional dimension of the conflict, saying that “through Mali, it is the future of the subregion and beyond which is at play”. The war in Mali “is being won,” Fabius said but, “now we must win the peace”.
The German development minister, said his country would provide at least €100 million in aid over the next two years. But it will be released in stages if Mali “continues to implement its roadmap … and if the transition process goes well", he said.
Mali's interim President, Dioncounda Traore, and transitional government have set themselves two fundamental objectives, namely, the restoration of the country’s territorial integrity and the holding of free and transparent elections.

Source: European Commission, Euractiv