Commission allocates €2.7 billion to African, Caribbean and Pacific countries to meet global development challenges

This Friday 13 March the European Commission and the African, Caribbean and Pacific Countries (ACP) Group signed a cooperation agreement for a total of €2.7 billion. Thanks to this global agreement, funded via the 10th European Development Fund, 77 African, Caribbean and Pacific countries will benefit from aid in a wide range of sectors such as health, water, combating climate change and peace-keeping.
Commenting on the agreement, Commissioner for Development and Humanitarian Aid Louis Michel said: “These €2.7 billion will be used to help the ACP countries meet global challenges in the fields of health, combating climate change, water and peace-keeping. The signing of this agreement and the allocation of this money come at a crucial time. The developing countries are being hit hard by the economic and financial crisis. It is more vital than ever that Europe show its solidarity with them. This agreement is part of the strong partnership we have maintained with the ACP countries for over two decades now.”

The €2.7 billion will be used for:

health, especially the fight against malaria, tuberculosis and AIDS: up to €300 million (via the Global Fund to fight AIDS, tuberculosis and malaria),
the environment and the effort to combat climate change, including the prevention of natural disasters: €500 million,
agriculture and the development of the private sector: €400 million,
water, sanitation and infrastructure: €500 million,
peace and security: €400 million.

Europa