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Development Policy

Video guest: Josephine Mwangi

September 2018
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Wednesday, 26 September 2018

The West African Development Bank (BOAD) announced, on 7 March, the signature of a cooperation agreement with the French Development Agency (AFD) with a view to carrying out “joint actions” in the areas of financing, knowledge production and communication.The aim of the agreement signed by the BOAD Presidentvand the AFD Chief Executive Officer “is to reinforce the strategic and operational partnership between their two institutions via consultations on subjects of mutual interest, an in-depth sectoral dialogue and joint actions".

A report on financing for developing countries commissioned by the European Parliament's Committee on Development and co-written by Eurodad finds that government spending is the largest domestic resource in these counties. Domestic private investment is also increasing outflows of private financial resources are very large, real net financial private flows are overstated, and ODA is the largest flow to least developed countries.

Monday, 14 April 2014

Overseas development aid (ODA) jumped 6.1% last year to reach a record $134.8 (€97.8) billion, according to new figures from the Organisation for Economic Cooperation and Development (OECD), marking a “rebound” after two years of falling donations. Some 17 of the OECD’s 28 member countries increased their ODA spending in 2013, bringing the group’s average aid spending to 0.3% of Gross National Income, although this is still less than half the 0.7% figure that developed countries have pledged to meet by 2015.

During the EU-Africa summit, the foreign minister of Somaliland writes that despite substantial help from the EU, the country still faces important economic hurdles on its path to development, which could be remedied partly by international recognition. Without international recognition, Somaliland is unable to access financial support needed for economy growth. Somaliland is also denied a seat at the table to discuss issues that will directly affect both Africa and the international community, such as the offer of a new trade deal for the continent.

The European Union has reacted strongly to remarks made at the Pacific-African Caribbean Pacific trade and fisheries meeting regarding its commitment to the region and economic partnership agreement. The head of political trade press and information of the EU delegation for the Pacific, Adam Janssen, said their trade policy towards the Pacific was very present and their commitment to the region's growth and economic development should not be questioned.

Thursday, 10 April 2014

According to a study by the US-based think-tank the Center for Global Development, EU members contribute less to global technological development than other developed nations, and have intellectual property policies that are not "development friendly". European countries conduct most of the world's research and development (R&D) and own most of the globe's intellectual property (IP) rights.  However, European IP policies have become stronger, and countries are "instituting changes that are not likely to be development friendly", the study says.

FAO calls for action to accelerate economic transformation and development in Africa – Despite significant economic progress and agricultural successes, Africa remains the world’s most food-insecure continent, with relatively low levels of agricultural productivity, low rural incomes and high rates of malnutrition. FAO has urged African Ministers of Agriculture to take action in priority areas in order to encourage increased investment and broad-based transformation in support of smallholder farmers, including young people and women in rural areas.

Wednesday, 09 April 2014

Catherine Ashton, High Representative of the European Union for Foreign Affairs and Security Policy and Vice President of the Commission, signed today in the European Parliament the European Consensus on Development, in the presence of the President of the European Parliament, Martin Schulz.

On the occasion of the EU-Africa Summit, EU Climate Action Commissioner Connie Hedegaard, the President of the African Ministerial Conference on Environment (AMCEN) Binilith Mahenge, and the African Union Commissioner for Rural Economy and Agriculture Rhoda Tumusiime hosted a ministerial climate seminar in Brussels on 1 April 2014.

Chancellor Angela Merkel would like to see even closer relations between Germany and Senegal. The country plays a pivotal role in West Africa, she said, after her meeting with Senegal’s President Macky Sall in Berlin. The African continent is extremely diverse, and offers enormous development potential. In the run-up to the EU-Africa Summit, the Chancellor and the Senegalese President explored various cooperation options. After the meeting the Chancellor said that it was in Germany’s interests to step up relations. This means that it is important to make progress on trade agreements with the various regions of Africa. Transparent, sustainable development assistance is the precondition, added the Chancellor.