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Aid For Timor-Leste

  • November 11th, 2007
  • Posted by EUEditor

east-timor.jpgEast Timor (Timor-Leste) has signed up for a new cooperation and assistance agreement with the European Union.

Five Portugese speaking countries in Africa (Angola, Cape Verde, Guinea Bissau, Mozambique and São Tomé and Principe) renewed their long-standing agreement with the EU (7.11.07), and were joined in that agreement for the first time by East Timor.

A Memorandum of Understanding (MOU) signed at Lisbon spelt out that the goal of reducing poverty was linked with democratic governance.

Progress with effectiveness in “economic and social governance” is taken into account by the EU in decisions on development assistance, and programs are run on a “multi-country” approach, e.g. regional programs for groups of countries, such as a Pacific regional strategy operated from Fiji.

The new MOU sets out terms of cooperation, as part of the ACP program (Africa Caribbean and Pacific) run from Brussels, which has 79 non-European member countries.

Total allocations under that program rose this year to €2.93-billion (A$4.73-billion; dcerates.com; 11.11.07) , up 9.5% on the previous twelve months, and European policy is to increase that through getting all EU member states to raise development aid to 0.7% of their gross national income (GNI).

Reference:

EUAustralia Online, “‘Remember Promises’ – Developing Countries To EU”, 25.5.07; “Aid Boost To the Pacific”, 21.3.07.

EC, “Portuguese-speaking African countries (PALOP) and Timor-Leste sign a Memorandum of Understanding with the European Commission …”, 7.11.07,
IP/07/1659

Picture: utexas.edu

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