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Thursday, 06 December 2012

ACP: no to the 11% cut in EU development fund

At the last session of the ACP-EU Joint Parliamentary Assembly taking place in Suriname, the Secretary General of the ACP Group Mohamed Ibn Chambas has expressed regret at the European Council’s proposal to cut development aid funding by more than 7%, compared to figures put forward by the European Commission. This includes a disproportionate 11% slash to the European Development Fund (EDF), which benefits 930 million people in ACP countries.
“While we appreciate the fiscal challenges that some of our European partners are facing, we do not believe that now is the time to be cutting back on development finance. To do so is rather short-sighted. Vulnerable communities in ACP countries are the worst hit by the global economic crisis – we should all show solidarity and responsibility with the world’s poorest during these times of need, rather than attempt to balance budgets at the cost of millions of lives,” stated the Secretary General.
He pointed out that the proposed budget would not allow the fulfillment of the Millennium Development Goals, which include within others the reducing by half of the number of people living in absolute poverty.
The Secretary General welcomed the stance of European Commission President José Manuel Barroso and his Commissioner for Development Cooperation Andris Piebalgs, who proposed at least €30 billion for EDF covering the period 2014-2020 (as compared to €26.9 billion, proposed by the  Council).


Source: ACP Group