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August 2018
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EDITO
Wednesday, 15 August 2018

On the eve of an Agreement of European tax on financial transactions (TFT) which should be implemented by the European elections on the 25 May 2014, the effectiveness of the taxation solidarity in the fight against AIDS and development needs to be noted. TFT will allow new additional sources of funding to be found to continue to assist the poorest countries.

Indian Ambassador to the EU H.E Manjeev Singh Puri called for enhanced South-South and Triangular cooperation, in a special discussion with fellow African, Caribbean and Pacific diplomats. While describing the assistance provided by developed countries as the “backbone” of development cooperation, Mr. Singh Puri said that sharing of resources, knowledge, expertise amongst developing countries (South-South), often with a third party industrialised partner also contributing (Triangular), is an essential a supplement to the traditional North-South partnership model.

The Cook Islands, Palau and Federated States of Micronesia (FSM) have finalised key national governance and resilience planning milestones. This gives these countries a strategic perspective on priorities to address disaster-related risks under the European Union-funded project EDF 10 ACP EU: Building Safety and Resilience in the Pacific.

The Council welcomes the publication by the Commission of preliminary information on 2013 EU Official Development Assistance (ODA), analysing the trends with regard to EU collective and individual ODA commitments. The Council stresses that ODA is an important and catalytic element in the overall financing available for developing countries most in need. On 17 June 2010 the European Council requested the Council to make an annual report on the EU and Member States’ commitments and delivery on ODA. This is the fourth such report to be submitted to the European Council.

Wednesday, 21 May 2014

The International Aid Transparency Initiative's (IATI) annual report has shown increased global development aid transparency improved last year but France, one of the world's biggest donors, is still lagging behind. Launched in 2011 to mark the Fourth High Level Forum on Aid Effectiveness (Busan, 2011), the initiative aims to increase accessibility to information on development aid, especially for countries that receive aid and for civil society organisations, by establishing a new format. The popularity of the initiative grew in 2013 and it is now being used by international aid donors like the World Bank and European Commission.

The European Union (EU) has disbursed over 135bn/- to support government efforts to improve agribusiness, infrastructure and trade development. This donor aid occurred simultaneously to last weeks’ signing of a 2.3m EURO maritime security improvement Memorandum of Understanding (MoU) between the EU and the East African Community (EAC).

The European Union (EU) has stated its intention to help Nigeria source for funds to undertake various capital projects planned to boost and stabilise electricity supply in the country. The EU, which described Nigeria’s energy sector as one of its priority sectors disclosed that it was willing to help the country close up the gap in financing some of its key capital projects in the sector.

Antigua and Barbuda Prime Minister Baldwin Spencer has called on the European Union to provide funds for two projects in his homeland and St. Kitts-Nevis which he said will have an immense impact on the tourism sector. Spencer said the projects -- the restoration of the St John’s Cathedral in Antigua, and the Brimstone Hill National Fortress in Basseterre -– had already been submitted to the Caribbean Forum (CARIFORUM) Directorate under the 11th European Development Fund (EDF) CRIP Multi-Country Programme.

Monday, 19 May 2014

Several political leaders of Caribbean Overseas Countries and Territories are due in Montserrat this week for a meeting to discuss European Union funding for the overseas territories. The Honourable Premier of Montserrat, Mr Reuben Meade, will chair the meeting which will be attended by OCT leaders Mrs Sarah Wescott-Williams of Dutch St Maarten, Mr Hubert Hughes of Anguilla and Dr Orlando Smith of the British Virgin Islands. The Montserrat meeting on Thursday 15th and Friday 16th May will determine how the EU funds earmarked for the territories are to be disbursed in advance of a major EU funding meeting scheduled for Barbados next month. The Caribbean OCTs will be identifying three project areas to present to officials from the European Commission at the Barbados meeting.

The British Department for International Development minister, Lynne Featherstone, launched a project in the Mozambican capital aiming to expand financial services for small-and-medium size businesses, especially in rural areas. The British government will grant 20 million U.S. dollars for the project. The funds will be used to develop the rural areas through medium and small enterprises.