Economic and Monetary Affairs
ECFIN - Economic and Financial Affairs DG
DEVCO - Development DG
The overall objective of the Platform will be to improve the quality and efficiency of EU development and external cooperation blending mechanisms, taking due account of the policy frameworks that govern the EU relations with the different partner countries, notably EU Development, Neighbourhood and Enlargement policies. This includes promoting cooperation and coordination between the EU, EIB and other relevant financial institutions (Fis) and other stakeholders, thereby increasing the impact and visibility of EU external cooperation.
As for scope, the Platform should deal with all regions of the world where the EU is engaged in external cooperation and development. The Platform should have an advisory role only, aiming to provide guidance and recommendations for the harmonisation of key principles regarding blending activities whilst allowing for differentiation by sectors and regions. The Platform should focus on sectors where financial instruments can be most usefully deployed, within and across geographical regions. The Platform should also help to strengthen coherence of blending activities with EU policies.
The Platform should analyse and provide guidance on sectoral issues having a cross-regional dimension and on the development of innovative financial instruments in the external field. The guiding principle would be to focus on EU policy priorities where value added and impact are highest, including in areas of market failure. The Platform should also provide guidance on how to ensure sufficient flexibility in diverse situations such as working with private sector in development, or addressing global challenges such as climate change and economic crises.
Assist the Commission in the preparation of legislation or in policy definition
Coordinates with Member States, exchange of views
EU body (External relations, Other (External Action)), National administrations