AFD and European Union (EU) institutions have decided to strengthen their partnership, with the aim of enhancing their effectiveness in development assistance and the fight against extreme poverty.
Our teams are driven by common convictions, and they work together towards the same objectives: delivering quality and consistent aid, coming up with new solutions to finance development, and delivering action with a high level of operational flexibility.
Beyond the question of financing, AFD and the EU also have two other concerns: feeding into the European debate on development and promoting common values in the field.
A strategy driven by the SDGs and Paris Agreement
Today, the European Union and AFD share four priorities:
- focusing actions on priority countries and sectors;
- developing projects which are consistent with all public policies;
- contributing to enhancing donor coordination; and
- enhancing the effectiveness, accountability and transparency of financial commitments.
These priorities fall within the broader framework of the Paris Climate Agreement and the 17 Sustainable Development Goals (SDGs) adopted by the international community in 2015.
With 75.5 billion euros of Official Development Assistance in 2016, EU institutions and Member States are the world’s leading aid donors.
Complementarities in action
As a financial institution, AFD monitors the implementation of projects financed with funds delegated by the EU: we support local partners (governments, local authorities, private sector, CSOs) and ensure that the budget is properly executed (procurement, payments, project supervision). We are responsible for the successful implementation of the project, and fully accountable for it to the European Commission.
Meetings and staff exchanges are organized between the teams of AFD and the European Commission.
A STRENGTHENED PARTNERSHIP
In June 2017, the European Union and its Member States signed an overarching document outlining the future of European development policy. This “new European Consensus on Development” places particular emphasis on delegated cooperation with European development agencies as a way to achieve more effective cooperation in the field.
For the first time, this framework for European development cooperation applies to all EU institutions and Member States. All have committed to cooperate more closely in order to simplify aid programming and reduce the fragmentation of actions.
This “Joint programming” approach aims to:
- enhance operational coordination and consistency,
- reduce transaction costs, and
- foster the deployment of joint initiatives.
Promoted by AFD, this approach aims at jointly implementing aid.