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EU’s external assistance to Latin America, 2000-2003

European Commission - MEMO/04/120   25/05/2004

Other available languages: FR DE ES PT

MEMO/04/120

Brussels, 25 May 2004

EU’s external assistance to Latin America, 2000-2003
The sustained reshaping of EU co-operation with Latin American countries in recent years has been characterised by the confirmation, at each one of the EU- Latin American Summits (Rio de Janeiro in 2000 and Madrid in 2002), of three fundamental priorities:

  • The fight against poverty and social inequalities;
  • Integration into the world economy through strengthening of Trade related technical assistance (TRTA) actions;
  • The consolidation of the rule of law.

These three priorities for the whole Latin American region were the subject of large and regular discussions within the two pertinent forums at ministerial level, the Central American San José dialogue and the Rio Group for the remainder of Latin American countries. The overwhelming majority of Community aid has been concentrated increasingly under these three priorities (respectively 40%, 25% and 15%).

During the last three years, EU co-operation with Latin America has shown a constant increase: from €286 million in 2001 to € 329 million in 2003 in commitments, representing a yearly increase of 15 %, and from €139 million in 2001 to € 280 million in 2003 in payments, an increase of more than 100 %, as well as a significant acceleration of its implementation.

This holds true for commitments (in 2003, more than 50 % of the financing agreements were signed within 15 days from the Commission Decision’s date by the Commission and the Beneficiary, which in the past could take several months) as well as for implementation, since the amounts earmarked for 2003 were executed at 100 %.

As regards RAL (“reste à liquider”), the results illustrate appropriately the progress achieved: the disbursement ratio (end of the year RAL /payments of the year) went from 8 years in 2001 down to 4.5 years in 2003.

The results obtained in 2003 are expected to continue in 2004 when foreseen payments amount to around €380-400 million, which would represent €100 million more than the appropriations available.

Background

Building on long-existing bilateral relations between European countries and Latin America, the European Union has established and built up links with Latin America since the 1960s. The relationship between the two continents has substantially evolved over the past three decades. Today’s partnership reflects the increasing importance and growing potential of the Latin American region, and the will of both parties to further strengthen the relationship in the future. The EU is an important economic and political partner for Latin America, it is the leading donor in the region, first foreign investor, and second most important trade partner.

The EU’s relations with Latin American countries have developed at the bi-regional level (European Union-Latin America), and a number of specialised dialogues within this broader relationship are ongoing with specific sub-regions (the Mercosur, Andean Community, and Central America), and between the EU and specific nations (Mexico and Chile). A full range of co-operation agreements have been concluded at each of the levels, based on the three pillars of economic co-operation, institutionalised political dialogue and the strengthening of trade relations.

For additional information on the EU-Latin America relations

http://ec.europa.eu/external_relations/la/index.htm

And for EU assistance to Latin America

http://ec.europa.eu/europeaid/projects/amlat/index_fr.htm

BILATERAL COOPERATION 2002– 2003 (all budget lines (Million €))
Countries
2002 (*)
2003 (**)
RAL
Commitment
Payment
Commitment
Payment
End 2003 (**)
Argentina
3,9
5,1
8,0
3,5
15,8
Bolivia
20,7
24,0
54,3
63,4
81,0
Brazil
10,7
16,3
8,0
18,0
20,6
Chile
2,7
7,5
22,2
8,7
36,4
Colombia
19,1
18,5
52,3
26,9
95,9
Costa Rica
2,0
1,5
11,5
1,6
15,4
Cuba
8,7
6,0
0,0
2,5
3,5
Ecuador
6,8
9,9
22,3
13,2
53,4
Guatemala
16,7
34,0
22,7
20,9
55,8
Honduras
44,8
25,3
45,1
22,2
78,2
Mexico
7,2
6,3
28,1
4,3
33,8
Nicaragua
16,2
35,8
40,7
45,2
80,9
Panama
0,4
1,5
15,2
1,4
19,2
Paraguay
2,3
11,5
0,0
4,8
22,0
Peru
8,0
17,1
14,0
35,7
54,5
Salvador
17,6
24,8
0,2
29,0
53,3
Uruguay
2,2
2,7
8,0
3,8
23,7
Venezuela
22,0
8,9
0,5
8,9
53,0
TOTAL bilateral
212
256,7
353,1
314
796

TOTAL FOR LATIN AMERICA 2002-2003 (all budget lines (Million €))
Total
Latin America
2002
2003

Commitment
Payment
Commitment
Payment
Central America
(bilateral+regional)
97,7
122,9
150,4
121,56

Andean Community
(bilateral+regional)
91
79
144,4
148,1
Mercosur
(bilateral+regional)
19,34
37,1
24,9
30,1
Mexico
7,2
6,3
28,1
4,3
Chile
2,7
7,5
22,2
8,7
Cuba
8,7
6,0
0,0
2,5
Regional Programmes
(Whole Latin America)
108
29,6
2.9
40,4


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