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A Decade of NEPAD - Economic Commission for Africa - uneca

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24 A <strong>Decade</strong> <strong>of</strong> <strong>NEPAD</strong>: Deepening <strong>Africa</strong>n Private Sector and Civil Society Ownership and Partnership<br />

under the Cotonou Agreement which are developed with<br />

respective <strong>Africa</strong>n regions and countries.<br />

Additionally, the EU has established a 250 million Euro<br />

facility to support peace keeping ef<strong>for</strong>ts on the continent<br />

called the EU <strong>Africa</strong>n Peace Facility. The facility supports<br />

the AU’s Peace and Security Council. With the <strong>NEPAD</strong><br />

Secretariat, the EU has discussed the establishment <strong>of</strong> a<br />

Partnership <strong>for</strong> Infrastructure to initiate projects that<br />

facilitate interconnectivity at a continental level <strong>for</strong> the<br />

promotion <strong>of</strong> regional integration.<br />

In 2005, the EU <strong>Commission</strong> launched a new EU Strategy<br />

<strong>for</strong> <strong>Africa</strong> to begin to align its three existing Agreements<br />

(the Middle East Development Agreement (MEDA) with<br />

North <strong>Africa</strong>, the Cotonou Agreement with sub-Saharan<br />

<strong>Africa</strong>n states, and the Trade, Development and Cooperation<br />

Agreement with South <strong>Africa</strong>) into a more continentally<br />

focused strategy.<br />

In December 2007, the inaugural <strong>Africa</strong>-EU Summit was<br />

held in Lisbon, Portugal and out <strong>of</strong> the meeting a Joint<br />

<strong>Africa</strong>-EU Strategy was established toward the development<br />

<strong>of</strong> a long term framework <strong>for</strong> <strong>Africa</strong>-EU relations.<br />

Eight areas <strong>of</strong> partnership were identified:<br />

ӹ Peace and Security<br />

ӹ Democratic Governance and Human Rights<br />

ӹ Trade, regional Integration and Infrastructure<br />

ӹ Millennium Development Goals<br />

ӹ Energy<br />

ӹ Climate Change<br />

ӹ Migration, Mobility and Employment<br />

ӹ Science, In<strong>for</strong>mation Society and Space<br />

The next <strong>Africa</strong>-EU Summit will take place in 2010 and<br />

one <strong>of</strong> the main objectives with EU relations with <strong>Africa</strong><br />

is to promote the attainment <strong>of</strong> the MDGs.<br />

Toward the achievement <strong>of</strong> the aims <strong>of</strong> the partnership, the<br />

EU has designated several existing financial instruments<br />

to support the <strong>Africa</strong>-EU Partnership, including:<br />

ӹ The European Development Fund<br />

ӹ The EU Infrastructure Fund <strong>for</strong> <strong>Africa</strong><br />

ӹ The European Neighbourhood Policy<br />

ӹ The Development Cooperation Instruments<br />

ӹ The European Instrument <strong>for</strong> Democracy and Human<br />

Rights<br />

ӹ The EU’s Common Foreign and Security policy Budget<br />

ӹ The <strong>Africa</strong>n Peace Facility<br />

ӹ The AU Peace Fund<br />

In particular, the new European Infrastructure Trust Fund<br />

<strong>for</strong> <strong>Africa</strong> is an innovative financing mechanism <strong>of</strong> the EU-<br />

<strong>Africa</strong> Partnership on Infrastructure as it brings together<br />

the European commission, member states, the European<br />

Investment Bank (EIB) and the European Development<br />

Financial Institutions to pool their collective ef<strong>for</strong>ts and<br />

resources to directly co-finance relevant projects. The<br />

Trust Fund also provides grants that will attract and leverage<br />

additional funds from other donors and the private<br />

sector. The grants cover: interest rate subsidies, technical<br />

assistance, project support and insurance premiums. The<br />

87 million Euro facility may grow by an additional 250<br />

million Euros based upon current discussions with the<br />

EIB and other donors.<br />

The European Union has also become a major supporter<br />

<strong>of</strong> the “Aid <strong>for</strong> Trade” initiative which was launched<br />

in 2005 by the World Trade Organisation. The Aid For<br />

Trade initiative promotes the provision <strong>of</strong> assistance by<br />

the international community to developing countries that<br />

need to address supply side constraints and to cope with<br />

transitional adjustment costs related to trade liberalization.<br />

Specific areas <strong>of</strong> assistance include: trade policy and<br />

regulation development and re<strong>for</strong>m, trade development<br />

support, trade related infrastructure, capacity development,<br />

and trade related government budget adjustment.<br />

The EU committed 2.73 billion Euros to <strong>Africa</strong> in 2007<br />

in support <strong>of</strong> Aid <strong>for</strong> Trade programmes, particularly<br />

regional integration supporting initiatives. Furthermore,<br />

the European Development Fund allocated 645 million<br />

Euros to the EAC-COMESA-SADC jointly coordinated<br />

North-South Corridor programme which was launched<br />

in Lusaka, Zambia in April 2009 27 .<br />

The EU has also established a 55 million Euro institutional<br />

capacity building initiative <strong>for</strong> the EU and <strong>Africa</strong>n Union<br />

and launched the ACP-EU Water Facility <strong>of</strong> 500 million<br />

Euros in support <strong>of</strong> the Millennium Development Goal<br />

number 10 which focuses on access to clean water and sanitation.<br />

The specific objectives <strong>of</strong> the Facility are to support:<br />

27 AU/<strong>NEPAD</strong> <strong>Africa</strong>n Action Plan 2010-2015: Advancing Regional and<br />

Continental Integration in <strong>Africa</strong>, Strategic Overview, Oct. 16, 2009, p. 16

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