The Lisbon agreement stated that actions under the Joint Strategy and Action Plan will be financed out of existing or where possible new financial resources, which include EC instruments, contributions from EU and African countries, and other African financial instruments. The RECs, the private sector and international partners will also have to play a part in this resource mobilization.
With regard to the financing of administrative costs of the Strategy’s working arrangements, the two sides agreed that costs related to the participation of African experts in JEGs and related meetings will be covered by the AUC from the budget set aside to this end within the EC’s 55 ME support programme.
Regarding funding aspects, the work on the preparation of and follow up to the Prodi Report on the financing of Africa-led peacekeeping operations will continue with the implementation of a Joint Working Group. The financing architecture of this Partnership is based on solid foundations: the 2nd African Peace Facility has been adopted, with an allocation of €300M + €300M in reserve, and €200M available under the political focal sector of Regional Strategy Papers addressing the capacity and operations of the African Sub-regional organizations (SRO) related to the African Peace and Security Architecture.
The 8th JTF meeting in March 2009 noted that the implementation of Partnership nr 2 is being supported by the ongoing EC-financed Capacity building programme for the AU institutions (€ 55 million under 9th EDF). The implementation of the Action Plan 2008-2010 would be given priority under the planned support programme to be financed by the EC under 10th EDF.
During the 12th Troika meeting, Ministers endorsed in particular the holding of a workshop on the financing aspects of the Joint Strategy in Addis Ababa after 21 September 2009, back to back with the enlarged JTF, and asked the two Commissions to start the necessary preparations. Ministers invited all other relevant stakeholders to contribute to these preparations.
Furthermore, the EU pledged to deliver upon its ODA commitments despite the global crisis. They recently launched EU €1 billion Food Facility initiative, and reiterated their support for trade and investment by providing €2 billion level Trade Related Assistance in 2009 and 2010.
At current resources level, projections show that Community assistance to Africa will increase to an amount in the order of approximately €5 billion a year from 2008 to 2013.