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COUNCIL OF THE EUROPEAN UNION

COUNCIL CONCLUSIONS ON THE MILLENNIUM DEVELOPMENT GOALS FOR THE UNITED NATIONS HIGH-LEVEL PLENARY MEETING IN NEW YORK AND BEYOND

Supporting the achievement of the Millennium Development Goals by 2015

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31. Innovative financing sources and mechanisms complement other resources. The EU seriously considers proposals for innovative financing mechanisms with significant revenue generation potential, with a view to ensuring predictable financing for sustainable development, especially towards the poorest and most vulnerable countries. The EU calls on all parties to significantly step up efforts in this regard, welcomes the ongoing work by the Leading Group on innovative Financing for Development, and takes note of the ongoing work of the Task Force on International Financial Transactions for Development and of the Task Force on Innovative financing for Education.

25 June 2010

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