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Thursday, 22 January 2015

Mali: EPA explained to National Assembly

Chief negotiators indeed validated a grind proposed by senior officials. This draft takes into account the outstanding issues, we read in a document distributed to participants. They validated the agreement between the parties on priority needs covering areas including trade, industry, agriculture, infrastructure, energy and building the capacity of non-state actors including access infrastructure. Priority needs were assessed at € 6.5 billion for the first five years covering the period 2015-2019. The EU, its member states and the European Investment Bank (EIB) confirmed their commitment to achieve the balance between the expressed needs and funding, and to clarify that their commitment following the necessary consultations are completed. The implementing rules provide fast, flexible and efficient funding for priority projects. The European side should maintain adequate financial support beyond this period. The chief negotiators have also stressed the importance of establishing a West African regional fund for resources.