The European Development Fund and Economic Partnership Agreements: Economic Paper 75

Overview

African, Caribbean and Pacific (ACP) countries face a huge transformation as they attempt to adapt to a more liberalized global market. They have agreed to negotiate Economic Partnership Agreements (EPAs) with the (EU) to assist with this adaptation.

The European Development Fund (EDF) is the main instrument of the EU for helping these countries. This Economic Paper argues that despite the commitments about aid made by the EU at the 2005 G8 summit in Gleneagles, Scotland, the ...

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Overview

African, Caribbean and Pacific (ACP) countries face a huge transformation as they attempt to adapt to a more liberalized global market. They have agreed to negotiate Economic Partnership Agreements (EPAs) with the (EU) to assist with this adaptation.

The European Development Fund (EDF) is the main instrument of the EU for helping these countries. This Economic Paper argues that despite the commitments about aid made by the EU at the 2005 G8 summit in Gleneagles, Scotland, the EDF is under-resourced. Moreover, there are serious doubts as to the effectiveness of the fund in providing time-sensitive assistance to ACP states. Instead, the contributors propose a separate EPA adjustment facility. If EU countries meet their target aid figures, they could fund both the traditional EDF programs and an EPA adjustment program. This book is for economists and international trade specialists concerned with the effects of trade liberalization on developing economies.

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Product Details

  • ISBN-13: 9780850928358
  • Publisher: Commonwealth Secretariat
  • Publication date: 11/28/2006
  • Edition number: 1
  • Pages: 168
  • Product dimensions: 6.56 (w) x 9.44 (h) x 0.47 (d)

Meet the Author

Roman Grynberg is the Deputy Director of the Economic Affairs Division, Commonwealth Secretariat, London.

Alice Clarke is an economist currently working within the Private Sector Development / International Trade Practice of Emerging Market Economics Ltd.

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Table of Contents

Abstract; Overview: European Aid, the European Development Fund and Adjusting to Economic Partnership Agreements Sacha Silva and Roman Grynberg; EU assistance to ACP countries Since 1975 Paul Goodison; An Assessment of the Overall Implementation and Adjustment Costs for the ACP Countries of Economic Partnership Agreements with the EU Chris Milner; An Analysis of EU-ACP Aid Flows Through the EDF from Lomé I to the Cotonou Agreement and Proposals for the 10th and 11th EDFs Alice Clarke.

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