Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-09-15-Speech-2-264"
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"en.20090915.19.2-264"2
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"− Within its field of competence, the Commission has so far responded rapidly to help prevent disastrous social consequences in developing countries, in particular in the least-developed countries, most of which are ACP states.
These measures include honouring aid commitments and leveraging new resources, acting counter-cyclically, improving aid effectiveness, sustaining economic activity and employment, revitalising agriculture, investing in green growth, stimulating trade and private investment, working together for economic governance and stability, and protecting the most vulnerable in developing countries.
Concrete actions and procedures have already been put in place to speed up delivery of aid. An ad hoc ‘Vulnerability FLEX’ instrument will mobilise EUR 500 million from the European Development Fund. This V-FLEX is complementary to actions taken by the World Bank and the IMF, and will target the most vulnerable countries with poor resilience capacity, giving rapid grant assistance to help them to maintain priority spending, notably in the social sectors.
As the V-FLEX utilises previously unallocated reserve funds, it represents additional financing for these highly vulnerable countries. EUR 80 million has also been mobilised for the funding under the existing EDF FLEX mechanism for countries that suffered significant export losses in 2008. In addition, the mid-term review of cooperation strategies for countries funded from the EC budget is currently under way, and the mid-term review for ACP countries funded from the EDF has been accelerated in order to re-define and adjust the national strategies and allocations in early 2010.
Nevertheless, it is important to recall that development policy is a shared competence within the EU. The prime responsibility for delivering on the ODA commitments lies with the Member States themselves. I strongly believe that the crisis should not be an excuse for our Member States to water down donors’ aid and promises, and I will insist on remaining committed to delivering the promised aid levels, both for EU Member States as well as for other donors. In this regard, we very publicly monitor Member State ODA through our annual Monterrey survey.
On the basis of the information gathered from Member States, we foresee the EU collective ODA increasing from EUR 49 billion in 2008 to EUR 53.4 billion in 2009 and EUR 58.7 billion in 2010. This also means that, without additional steps by Member States to fulfil their individual targets, the collective targets for 2010 will not be achieved. Moreover this crisis has also shown that we have to strengthen the mechanisms for delivering ODA, as the honourable Member rightly pointed out.
The International Aid Effectiveness Agenda embodied in the Paris Declaration and the Accra Agenda for Action are now more important than ever. In these difficult economic times, we have a particular responsibility towards the world’s poor to make sure our development assistance is being channelled effectively. I will defend this approach personally at the November Development Council, and the global financial crisis will be at the centre of my political concerns during the weeks ahead."@en1
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