EU to Form Multi-donor Trust Funds

The European Commission is introducing new strategies in managing the funds of the European Union, including the creation of its own multi-donor trust funds. Photo by: EU

The European Commission is introducing new strategies in managing the funds of the European Union, including the creation of its own multi-donor trust funds.

The trust funds will enable the EU, its member states and citizens to pool resources to provide coordinated and prompt financial assistance in crisis and post-crisis situations.

The decision will also provide more scope for integrating public and private funding as it will ease the mobilization of EU resources with private companies through public-private partnerships.

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    Chiden Balmes

    Chiden, a correspondent based in Seoul, focuses on computer-assisted reporting to provide international development professionals with practical business and career information. He also contributes to the Development Newswire and the Global Development Briefing, two of the world's highest-circulation development publications.