A press release stated that the so-called National Indicative Programme (NIP), financed from the 11th European Development Fund, covers the period until 2020.
EU-Malawi cooperation in the coming years will focus on three main sectors: governance, sustainable agriculture and secondary education and vocational training.
Commissioner for International Development and Cooperation Neven Mimica said the signing was another milestone and an important step forward in the strong partnership between the EU and Malawi.
“We will continue working closely with the Malawian government, the private sector and civil society to strengthen the country's capacities and long term development. The substantial EU funding combined with necessary reforms and political dialogue will help Malawi to move towards sustainable economic growth and poverty reduction,” Mimica said.
The press statement said the NIP signed would pursues governance (€120 million), sustainable agriculture (€250 million), Secondary education and vocational training (€160 million).
On governance it said (€120 million) the objective is to contribute to Malawi's poverty reduction efforts by strengthening democratic governance, accountability and the rule of law.
The Sustainable Agriculture (€250 million) is aimed at stimulating sustainable development.
The support will be provided to transform agriculture from a sector largely based on low-value and subsistence production to a competitive, sustainable, and private sector driven inclusive agriculture bringing economic growth, improved livelihoods, decent jobs, and food and nutrition security, whilst reducing vulnerability to climate change and natural disasters.
Secondary education and vocational training (€160 million) will empower the education sector and foster its capacity to satisfy the economy's need for skilled professionals through expansion and improvement of equitable and gender-balanced secondary education and vocational Training.
As a joint framework between the government of Malawi and the EU, the NIP will guide the formulation and implementation of projects financed by the 11th European Development Fund.
The European Development Fund (EDF) is the main instrument for EU aid for development cooperation with the African, Caribbean, and Pacific countries (ACP) and is funded with contributions from the EU Member States. National Indicative Programmes represent an important step in the programming of EU aid under the EDF.