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.
Get development's most important headlines in your inbox every day.
Thanks for subscribing!
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.
