Today, the European Commission adopted two decisions in relation to the EU's Emergency Trust Fund for Africa announced by President Juncker in his State of the Union speech last September. First, a decision on the establishment of the Trust Fund. Second, a financing decision which will contribute to making €1.8 billion available to the Trust Fund from the EU budget and the European Development Fund. This contribution will be combined with contributions from EU Member States and other donors. These two Commission decisions follow on from the formal endorsement of the Commission's proposal by the EU Member States at the European Development Fund (EDF) committee, which took place on 14 October 2015. It is the Commission’s objective to complete the necessary procedures in time for signing the "Constitutive Agreement" of the Trust Fund at the Valletta Summit in November, when the EU will meet with key African countries to discuss migration and the refugee crisis. This Trust Fund will reinforce stability to address the root causes of irregular migration and displaced persons in Africa and will support activities such as economic development, migration management and basic services for local populations to improve food security, governance and security in the regions concerned. Three main regions will benefit, made up of fragile countries and those with main migration routes to Europe: the Sahel and Lake Chad region, the Horn of Africa and Northern Africa.