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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.
At the closure of the United Nations High-level Political Forum on Sustainable Development (HLPF), held at UN Headquarters in New York from 30 June to 9 July 2014, Andris Piebalgs, Commissioner for Development, and Janez Potočnik, Commissioner for the Environment, welcomed its conclusions.
The EU Annual Accountability Report on Financing for Development has just been published, and it shows progress on a range of commitments. Financing played a key role in development: in 2013 and the EU and its Member States alone provided €56.5 billion to global efforts to overcome poverty, remaining the world’s most generous donor. But […]