Trade and investment will occupy a strengthened, pivotal place in the UK’s development policy, indicates UK’s Department for International Development (DFID) in its “first ever economic development strategy”. The document, released last week, details how DFID intends to work across government departments through an approach that integrates trade, investment, and aid policies to foster economic development and drive poverty reduction.
An EU Public Consultation on the External Financing Instruments (EFI) of the European Union has opened from 7 February 2017 until 3 May 2017. The consultation is open to all stakeholders in beneficiary and EU countries: public national and local authorities, non-governmental organisations, academics, development agencies and bodies, think tanks, consultancies, private sector organisations, development banks and citizens. The 11th European Development Fund is also an EFI although not funded by the EU budget. It is as such not part of the MFF but it covers the same period and is included in the consultation.
“The humanity of the world can be measured against the fate of Africa,” declared Horst Köhler, the former German president, more than 10 years ago. Germany is now making the African continent a focus of its G20 presidency. The German Federal Ministry for Economic Co-operation and Development published a draft report called, “Cornerstones of a Marshall Plan with Africa,” advocating for a new partnership between Africa and Europe. Ten starting points have been put forward for discussion, mainly focusing on youth, employment, private sector engagement, African ownership and solutions. The Ministry is encouraging an open discussion and is seeking feedback on its Marshall Plan draft until 26 February 2017.
Plans for a dramatic increase in the amount of aid that can be channeled through the CDC Group, the government’s controversial private equity arm, have moved closer to fruition after crucial legislation passed through the Commons on Tuesday. The commonwealth development corporation bill, which will allow the government to lift the cap on aid funds spent through the CDC from £1.5bn to £6bn, was approved by MPs despite criticism of the organisation. The bill allows for increases of up to £12bn without new primary legislation. The vote followed a parliamentary debate that exposed the stark political divisions about the future direction of aid spending. Development minister Rory Stewart said Britain had a “moral obligation” to invest in the CDC, which he described as a proven development model. “CDC investment combines the rigour of the private sector, the focus on markets, the values of the public sector [that] reflect the values of the British public, reflect the British public that cares about poverty,” said Stewart.
The Commission took the opportunity provided by the September 2016 mid-term review/revision of the MFF 2014-2020 to propose the creation of a new innovative financial instrument – the European Fund for Sustainable Development (EFSD). The EFSD is part of the partnership framework for cooperation with countries with high irregular emigration and is one of the pillars of the new external investment plan, inspired by the success of the investment plan for Europe.
PIPSO launched their 2016-2019 Strategic Plan, and revamped website in Suva today. Speaking from the event this morning, PIPSO’s Chair Howard Politini complimented the organisation for this milestone, “PIPSO has great plans and has much expectations from their members and stakeholders around the region, who convened and actively participated in July this year for a 4-day interactive workshop to deliberate and finalise the organisation’s strategic focus in the next 4 years.”
Tanzania Horticulture Association's (TAHA) efforts to boost horticultural production in the country have attracted a five million US dollar (over 10bn/-) funding from Sweden. Speaking shortly after signing the five-year deal, the Deputy Head of Mission responsible for Development Corporation Division (DCD) at the Swedish Embassy in Dar es Salaam, Mr Ulf Källsting said the funding will straight go to improve production by small holder farmers struggling to meet international market standards.
From support for 16 Days of Activism Against Gender Violence to supporting forestry programmes, Finnish aid to Tanzania cannot be overstated. It is imperative that we remember how effectively Finland has aligned its assistance funding with Tanzania's development needs vis-à-vis the National Five Year Development Plan 2016/17-2020/21 and Vision 2025. Despite a reduction in development aid from the Finnish government to countries such as Tanzania, Kenya, Ethiopia, Mozambique, Zambia and Nepal, Finland still maintains a huge assistance programme.
President Professor Peter Mutharika Friday commended the European Union (EU) for the development and humanitarian aid rendered to the country. Speaking when he held an audience with EU delegation in Lilongwe at Kamuzu Palace, Mutharika said EU is one of the biggest partners Malawi has since 1975 and the country has benefited a lot from the partnership. He said EU has engaged herself in assisting the country in the areas of agriculture, education and governance among others. "As of now EU is helping the country in humanitarian aid by assisting the 6.7 million people who have been affected by hunger and drought due to climate change.
The Council recalls its conclusions of 20 July 2015 on EU Energy Diplomacy which underlined the need to ensure coherence between EU foreign and energy policies. The Council further recalls the Energy Union strategy and calls for Europe to become the world leader in renewable energy, including research, innovation and technologies. The Council underlines that the EU's development policy and actions in the energy sector are a fundamental part of a revitalised European energy and climate diplomacy.