Louis Michel, Member of the EC in charge of Development and Humanitarian Aid, was in Zambia on 6 March 2009 to sign the MDG Contract.
The European Commission has committed 225 million euro to the Government of Zambia for a 6 year period (2009-2014) to support the country's efforts to improve the efficiency of its poverty-focused public programmes and to accelerate progress towards achieving the Millennium Development Goals (MDG). Zambia is the first country to sign this form of enhanced general budget support called "MDG Contract" to highlight the contractual nature of this predictable, long-term financial commitment and its focus on MDG-related results, most notably in health and education. The Commission support to Zambia will contribute to improved public finance management, enhanced service delivery in the social sectors and the promotion of structural reforms that enable job creation and pro-poor growth.
Louis Michel emphasised the significance of this new way of providing general budget support. He said that in the present financial and economic crisis it is even more important for developing countries to receive predictable, long-term aid that is aligned with their own procedures and policy priorities. He added that with the launch of the MDG Contracts, the European Commission is successfully reinforcing its partnership with developing countries and making further steps towards becoming a centre of excellence for aid delivery.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||Exterior view of the Zambian Ministry of Finance and National Planning (2 shots)
||Arrival of Louis Michel, Member of the EC in charge of Development and Humanitarian Aid, and Situmbeko Musokotwane, Zambian Minister for Finance and National Planning and National Authorising Officer
||Signature of the contract by Louis Michel and Situmbeko Musokotwane (6 shots)
The European Union has committed a grant of 225 million euro to the Government of Zambia for a period of six years (2009-2014) to support the country's efforts to improve the efficiency of its poverty-focussed public programmes to accelerate progress towards achieving the Millennium Development Goals (MDG)
||Cutaway of Louis Michel and Situmbeko Musokotwane
||Soundbite by Situmbeko Musokotwane (in ENGLISH): the amount of money given is very substantial; it will help Zambia achieving the MDGs.
||Soundbite by Louis Michel (in ENGLISH): Zambia is the first country to benefit from this kind of investment.
||Soundbite by Situmbeko Musokotwane (in ENGLISH): Zambia will use this money on infrastructure to attract investments and to create employment.
||Exterior view of the Presidential Residence
||Handshake between Louis Michel and Rupiah Banda, President of Zambia
||Soundbite by Rupiah Banda (in ENGLISH): Zambia is thankful for the donation; it will be used to alleviate poverty.
||Cutaways (4 shots)
||Soundbite by Louis Michel (in ENGLISH): Zambia is an important partner and thus deserving countries for budget support.