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    • News

    EU to Form Multi-donor Trust Funds

    By Chiden Balmes // 31 May 2010
    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.

    • Funding
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Chiden Balmes

      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.

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