The financing instrument for development cooperation (DCI) improves the Community's previous development cooperation framework by merging the different geographic and thematic instruments into a single instrument.
The Regulation sets up a financing instrument for development cooperation (DCI) which replaces the range of geographic and thematic instruments created over time and as needs arose. Its aim is to improve development cooperation.
Under this instrument, the European Communities finance measures aimed at supporting geographic cooperation with the developing countries included in the list of aid recipients of the Development Assistance Committee of the Organisation for Economic Cooperation and Development (OECD/DAC). These countries are listed in Annex 1 to the Regulation. The Regulation emphasises that the Community's development cooperation policy is guided by the Millennium development goals (MDGs) and that the European consensus on development provides the general framework for action by the Community on development matters. It also reaffirms that the objectives of this policy are poverty reduction, sustainable economic and social development and the smooth and gradual integration of developing countries into the world economy.
- Development Cooperation Instrument 2014-2020 Regulation (EU) 233/2014