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Monday, 11 November 2013

EC commited to tackle instability in Sahel

During a visit to Bamako, last week, European Commissioner for Development Andris Piebalgs ,UN Secretary General Ban Ki-Moon and World Bank President Jim Kong Kim pledged some €5 billion ($8 billion) to contribute to the region's stability.
The European Commission (EC) will assign specific funds to help tackle instability in the Sahel. Most of the funding will come under the European Development Fund, €3.9 billion between 2014 and 2020. Other regional instruments should help to raise an additional €1.15 billion. This strategy is built on the belief that development and security are inter-related and that the Sahel's complexity means  that it requires multiple responses.
Between 2007 and 2013, the EC allocated €827 million to the region, which is significantly less than what is expected for the next period, from 2014 to 2020. However, the funds were only released in October 2012, the very last year of the budget period.

Source: EurActiv