Cotonou 2000 ACP-EU Agreement

Sectors : Institutional development, Economic governance and public finance management
Organisation : EU
Date made: 
2000
Level: 
Heads Of State
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Commitments in: Governance - Institutional development

“ARTICLE 22

Macroeconomic and structural reforms and policies

1. Cooperation shall support ACP efforts to implement:

(a) macroeconomic growth and stabilisation through disciplined fiscal and monetary policies that result in the reduction of inflation, and improve external and fiscal balances, by strengthening fiscal discipline, enhancing budgetary transparency and efficiency, improving the quality, the equity and composition of fiscal policy; and
(b) structural policies designed to reinforce the role of the different actors, especially the private sector and improve the environment for increases in business, investment and employment, as well as:
(i) liberalise trade and foreign exchange regimes and current account convertibility, having regard to the particular circumstances of each country;
(ii) strengthen labour and product-market reforms;
(iii) encourage financial systems reforms which help to develop viable banking and nonbanking systems, capital markets and financial services, including micro-finance;
(iv) improve the quality of private and public services; and
(v) encourage regional cooperation and progressive integration of macroeconomic and monetary policies...”

Scope: 
Africa

“ARTICLE 33

Institutional development and capacity building

1.Cooperation shall pay systematic attention to institutional aspects and in this context, shall support the efforts of the ACP States to develop and strengthen structures, institutions and procedures...

2. The Parties shall work together in the fight against bribery and corruption in all their societies.

3. Cooperation shall support ACP States’ efforts to develop their public institutions into a positive force for growth and development and to achieve major improvements in the efficiency of government services as they affect the lives of ordinary people. In this context, cooperation shall assist the reform, rationalisation and the modernisation of the public sector. Specifically, cooperation support shall focus on:

(a) the reform and modernisation of the civil service;
(b) legal and judicial reforms and modernisation of justice systems;
(c) improvement and strengthening of public finance management;
(d) accelerating reforms of the banking and financial sector;
(e) improvement of the management of public assets and reform of public procurement procedures; and
(f) political, administrative, economic and financial decentralisation.

4. Cooperation shall also assist to restore and/or enhance critical public sector capacity and to support institutions needed to underpin a market economy, especially support for:

(a) developing legal and regulatory capabilities needed to cope with the operation of a market economy, including competition policy and consumer policy;
(b) improving capacity to analyse, plan, formulate and implement policies, in particular in the economic, social, environmental, research, science and technology and innovation fields;
(c) modernising, strengthening and reforming financial and monetary institutions and improving procedures;
(d) building the capacity at the local and municipal levels which is required to implement decentralisation policy and to increase the participation of the population in the development process; and
(e) developing capacity in other critical areas such as:
(i) international negotiations; and
(ii) management and coordination of external aid.”

Scope: 
Africa