Nongovernmental organizations welcome the European Union's initiative to set up a multidonor trust fund for the conflict-ridden Central African Republic, but they are still waiting how the mechanism will play out in practice, and if it will be able to meet its objectives.
The trust fund — named Bêkou, which means hope in the local language Sango — was launched Monday in Florence, Italy, followed Tuesday by the signing by the different donors of the constitutional act that allows it to start operations. The fund will have an initial 64 million euros ($86.69 million) in pooled resources, the bulk of which comes from the European Development Fund.
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Jenny Lei Ravelo@JennyLeiRavelo
Jenny Lei Ravelo is a Devex Senior Reporter based in Manila. She covers global health, with a particular focus on the World Health Organization, and other development and humanitarian aid trends in Asia Pacific. Prior to Devex, she wrote for ABS-CBN, one of the largest broadcasting networks in the Philippines, and was a copy editor for various international scientific journals. She received her journalism degree from the University of Santo Tomas.
