Council of the European Union and European Parliament 18 December 2006, Regulation (EC) No 1905/2006 of the European Parliament and of the Council of 18 December 2006 establishing a financing instrument for development cooperation

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Regulation (EC) No 1905/2006 establishes a financing instrument for development cooperation aimed at eradicating poverty and promoting sustainable development in partner countries and regions as defined by the OECD/DAC. Key provisions include the financing of geographic and thematic programmes, which focus on areas such as human and social development, environmental sustainability, and food security, while ensuring alignment with the Millennium Development Goals (MDGs). The regulation is applicable to various developing countries and territories, with enforcement mechanisms outlined for effective aid management and coordination among donors.AI