Central African Republic: EU launches its first multi-donor trust fund
The EU is about to launch its first ever multi-donor development trust fund, in support of the Central African Republic (CAR). With an initial amount of €64 million the fund creates an effective and coordinated international instrument to help the population of the country and contribute to its stabilisation.
The EU trust fund for CAR “Bêkou” (which means “hope” in Sango, the country’s main language) will prepare the transition from emergency response, such as humanitarian aid, towards longer-term development assistance. It will contribute to the reconstruction of the country, in particular restoring the national and local administrations, re-establishing economic activity and essential services (such as electricity, transport, health and education) and stabilizing the country. The activities will also focus on enabling neighbouring countries to overcome the consequences of the crisis in CAR. Highly accountability standards will apply in the implementation of this Trust Fund, considering the particular context in the country.
For more information: http://europa.eu/rapid/press-release_IP-14-829_en.htm