Brussels, 26/03/2013 (Agence Europe) - €57 million have been allocated by the European Union to support the economic cooperation and regional integration of 79 countries of the ACP Group (Africa/Caribbean/ Pacific), the European Commission announced on Tuesday 26 March.
The funding, which comes from the European Development Fund (10thEDF) - financial allocation for cooperation between the EU and the ACP - is intended for technical assistance programmes, such as training and the sharing of expertise with unions, businesses and institutions. It will also be used to improve and reform the administration of tax systems, which is crucial for helping to modernise the economy in the ACP region.
Helping developing countries to set up effective tax systems is one of the objectives of EU development policy for the post-2015 period. (AN/transl.jl)