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Tuesday, 31 May 2016

Enhanced cooperation for the regions outside EU

The European Commission today discussed an enhanced cooperation with four European National Finance Institutions (EFIs). The objective is to allow better leveraging of existing financing flows to the regions, in order to further enhance tangible results on key common priorities. European Commissioner for International Cooperation and Development, Neven Mimica said: "Realising the vision of the new global sustainable development and successfully addressing the root causes of irregular migration requires much strengthened international efforts, including stronger involvement of private investments. National development banks will play an important role in these efforts. I am delighted therefore that with today's meeting we agreed on an enhanced cooperation framework that allows us to learn from each other and reinforce our strategic cooperation." The Institutions entering into this enhanced cooperation are initially the European Commission (EC), the Agence Française de Développement (AFD), the KfW Bankengruppe (KfW), the Cassa Depositi e Prestiti (CDP) and the Agencia Española de Cooperación Internacional para el Desarollo (AECID).

Source: ec.europa.eu