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Tuesday, 15 May 2012

Uganda: towards a new EU development cooperation approach

With the aim of finding a way to implement a new approach to development cooperation, and in line with the recently released EC communication “An Agenda for change”, the EU Delegation in Uganda exchanged views with East African stakeholders last week.  Talks were also intended to start the preparation of the  programming exercise for the 11th European Development Fund.
As Uganda’s needs point to energy, water and sanitation systems, transport and communication, a combination of  EU grants with loans coming from different financial institutions, including private capital and banks, may boost effectiveness in terms of  infrastructure development, as stressed by the EU delegation. Likewise, this new approach could lead a reform of the existing EU-Africa Trust Fund for Infrastructure.
The main investors will be the European Union and EU member states, official finance institutions, private banks, international finance institutions and foundations. Other include National Social Security Funds (NSSF) and other interested private investors from Uganda and abroad.

Source: New Vision