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Monday, 09 September 2013

EU must be more proactive in post-2015 negotiations

The European Union (EU) should go beyond restating old commitments in global negotiations on financing for development, and rather adopt proactive measures, a policy paper recently released by a group of international organizations working in the field of development for cooperation (Concord, Eurodad and CAN Europe) reads.
This comes after the European Commission (EC) released a communication on actions that can best support the efforts of the poorest countries in achieving development. This has been however criticized for not proposing new concrete actions or commitments from the part of the EU.
The coming year (2014) is expected to be crucial for international negotiations to match global ambitions with binding commitments on financing for development. Discussions will create a new global sustainable development framework including post-2015 development goals, the post-Rio sustainability goals and climate change financing.
In the paper, Concord, Eurodad and CAN Europe propose 12 specific actions that the European Union should take in order to prove their ambition and credibility in the upcoming global negotiations on financing for development.
The suggested actions are grouped against four main sections, namely:

  • Eliminating any doubt that might cast over the financial credibility of investing companies from EU
  • Refraining from intervening in the policy space of developing countries – either in the form of imposing trade and investment agreements, or not respecting UN principles on lending and borrowing
  • Improving external public financing by conducting impact evolution, finding new sources of funding and ensuring current commitments are met in a transparent and accountable way.
  • Helping to prevent future finance and debt crises by improving the regulation and supervision of the financial sector and supporting UN efforts to introduce fair debt mechanisms.

To read all the proposed actions consult the original article.  

Source: CONCORDE