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Image header Agence Europe
Europe Daily Bulletin No. 9288
Contents Publication in full By article 17 / 46
GENERAL NEWS / (eu) eu/gaerc/development

Council formalises political agreement on financial instrument for development cooperation with envelope of €17bn for 2007-13

Luxembourg, 17/10/2006 (Agence Europe) - The way is finally open to adopt a legal framework that will enable the EU to spend the €17bn programmed for development cooperation in the Community budget for 2007-13.

On 17 October the General Affairs/Development Council in Luxembourg reached a formal political agreement on the Development Cooperation Instrument (DCI), which will create a single simplified framework for funding EU development activities in developing countries. This €17bn is...

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