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Development Policy

Video guest: Josephine Mwangi

February 2019
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EDITO
Sunday, 17 February 2019

Small entrepreneurs in developing countries may expect a Belgian boost for their businesses. Beginning this year, the Belgian Investment Company for Developing Countries will be increasing its focus on micro, small and medium enterprises. Belgium’s development bank, also referred to as BIO, has been tasked with investing in private sector projects in developing countries and emerging economies to support their socio-economic growth.

Wednesday, 14 January 2015

The ECOWAS Commission in Abuja, ECOWAS, West African Economic and Monetary Union (WAEMU) and the European Union, together with implementing partners has launched two major programmes representing an integrated initiative, which aims at promoting intra- and inter-regional trade, improving the business climate and strengthening the productive capacity of West Africa. These initiatives are aimed at fostering economic growth and reducing poverty in the region.

An overwhelming majority of citizens in the 28-member European Union (EU) – which has been hamstrung by a spreading economic recession, a fall in oil prices and a decline of its common currency, the Euro – has expressed strong support for development cooperation and increased aid to developing nations. A new Eurobarometer survey to mark the beginning of the ‘European Year for Development,’released Monday, shows a significant increase in the number of people in favour of increasing international development aid. "The European Year will give us the chance to build on this and inform citizens of the challenges and events that lie ahead during this key year for development."

 

In rural Malawi, barely a handful of every hundred people have access to electricity despite millions of dollars spent on short-lived projects funded by international donors to build generation capacity in the African country. “The legacy in Malawi is parachute in, put in a project and leave, and not track what’s happening,” Peter Dauenhauer, who coordinates the Malawi Renewable Energy Acceleration Program at the U.K.’s Strathclyde University, told Devex. “Anecdotally, a lot of these projects are failing … There’s a need to demonstrate the fundamentals of getting projects up and sustainable.”

The European Union (EU) is funding a project to help Caribbean employers implement the CARIFORUM-EU Economic Partnership Agreement (EPA) signed in 2008, a joint press statement from the EU and the International Labour Organisation (ILO) said Monday (Dec 22)."The project, which is financed under the 10th European Development Fund, will also strengthen the implementation of the CARIFORUM-EU Economic Partnership Agreement and deepen regional integration," the statement said. The contribution from the EU is approximately €1.71 million. The ILO will be the lead coordinators of the programme and its contribution is valued at €300,000.

Following the successful hosting of a two-day Regional Workshop on “Repositioning the Coconut Industry within nine Caribbean countries for resuscitation and sustainable development”, four Agencies (European Union, International Trade Centre, CARIFORUM and CARDI) have all committed to ‘resuscitating the tree of life’ in the Caribbean. Setting the tone for the Workshop was CARDI’s Executive Director, Dr. Arlington Chesney who noted that, “Sessions of this nature allow for funding agencies, strategic partners, research specialists and stakeholders to collaborate on the priority areas, such as the development of the coconut industry for agriculture development in the Region.

St Lucia will be receiving a grant from the European Union for the country’s water sector, the government said this week. The grant, which is in the amount of just under $420,000 USD, is the result of a cooperation agreement signed earlier this month between St Lucia’s Water and Sewerage Company (WASCO) and Syndicat Intercommunal du Centre et du Sud de la Martinique. The agreement, which comes under the 10th European Development Fund ACP-EU Water Facility, will assist WASCO in the development of its capacity in water and wastewater sectors. 

 

The private sector is a key driver of economic growth, job creation, delivery of goods and services, trade and innovation, says the JPA's resolution on private sector development strategy, including innovation for sustainable development. Members called for more effective private-public collaboration between national and local authorities and the private sector with a view to supporting increased participation by the private sector in the formal economy. The resolution was passed unanimously. Committee on Economic Development, Finance and Trade. Co-rapporteurs: Arnaldo Andrade Ramos (Cape Verde) and Bogdan Brunon Wenta. The resolution was passed unanimously.

The Netherlands support Nigeria in value chain development to improve product development, food safety issues and exchanges between Dutch and Nigerian actors. Cocoa, leather, shrimps, fish, copper, rubber, and sesame seeds are the main products exported to the Netherlands.

Nearly three out of four Irish people think the Government should increase its overseas development aid support, according to a survey on Europeans’ views on development.The Eurobarometer survey, which was carried out using face-to-face interviews with over 28,000 participants across Europe including 1,037 people in Ireland, found Irish people are the third most likely in the EU to view helping people in developing countries as “very important”. It found 68 per cent of Irish people think developed countries should allocate more money to overseas aid, up 12 percentage points on last year’s survey.