Financial and technical assistance for developing Asian and Latin American (ALA) countries
A Council Regulation (EEC) on financial and technical assistance to, and economic cooperation with, the developing countries in Asia and Latin America (Council Regulation (EEC) No 443/92 of 25.2.1992) sets out, inter alia, that financial and technical assistance shall be targeted primarily on the poorest sectors of the population and the poorest countries in the two regions. Priority shall be given to the development of the rural sector and improving food security. Protection of the environment and natural resources (in particular tropical forests), and sustainable development, shall be long-term priorities. Attention will be paid to human and cultural dimensions of development, the combat against drugs, measures to increase the equal participation of women, child protection, demographic questions, and regional cooperation (particularly in the fields of communications networks and standards, environment, intra-regional trade, strengthening of regional institutions, regional integration and the establishment of joint policies and actions among developing countries, research, training, rural development, and energy cooperation). Economic cooperation shall aid ALA developing countries to build up their institutional capacity to create an environment more favourable to investment and development, enhancing the role of businessmen, technology and know-how from all the Member States. The Community funding to be provided (mainly in the form of grants) for financial and technical assistance and expenditure on economic cooperation is estimated at ECU 2,750 million over the initial period 1991-1995.