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The European Commission Decision on the establishment of the European Union Emergency Trust Fund for stability and addressing the root causes of irregular migration and displaced persons in Africa (the ‘Trust Fund’) was adopted on 20 October 2015. The Trust Fund was formally constituted at the Valletta Summit on Migration held on 11-12 November 2015. The Trust Fund will provide funding to fulfil the objectives and implement the Valletta Action Plan and complement financial instruments available for cooperation with African partners by the EU, its Member States and associated countries.
More specifically, it will help address the root causes of destabilisation, forced displacement and irregular migration by promoting economic and equal opportunities, strengthening resilience of vulnerable people, security and development. The Trust Fund will enable the EU, its Member States and contributing donors to respond to the different dimensions of crisis situations by providing support jointly, flexibly and quickly. In doing so, it will complement other strands of action such as political dialogue and development cooperation programmes, as well as humanitarian assistance, stabilisation and crisis response assistance and
CFSP/CSDP actions where appropriate. It will also complement the activities of EU Member States and of other development partners.