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06 May 2020 14:00 Federal Institutions

Enabel and LuxDev co-presidency of Practitioners' Network

On 1 May and for one year, Enabel and LuxDev took on the co-presidency of the European Practitioners' Network.

The Practitioners' Network brings together 17 European governmental agencies with a view of jointly implementing projects of the European Development Cooperation. The network is the partner of choice of the European Commission for executing European development projects worldwide.

In line with the EU’s intended increased European cooperation, the network is the means of excellence to give form to #TeamEurope in the field.

"The development agencies of the EU Member States lead by example and work closely together. The Practitioners' Network leverages the European efforts to tackle the global challenges," said Jean Van Wetter, Managing Director of Enabel.

During a video conference with Koen Doens, Director-General of the European Commission’s department for International Cooperation and Development, and the CEOs of all partners, Jean Van Wetter highlighted the added value of the European Member State agencies as strategic and priority partners to implement the European Union development policy in partner countries.

"The Presidency," he said, "wishes to make concrete progress in terms of joint actions, in particular between small and big, and young and well-established agencies, not only from a financial point of view, but also through more strategic and technical exchange. Therefore, the ambition is to create a Team Europe Task Force within the PN which will stimulate the dialogue and elaborate a concrete partnership resulting in a significant portfolio of actions carried out by consortia of agencies. It will definitely reinforce the message of a coordinated European action."

The Presidency also believes that the reinforcement of health systems and managing the socio-economic impact of the COVID crisis are immediate priorities. In the medium term, climate change and the implementation of the Green Deal in Africa will be the key theme to be addressed. The Team Europe Task Force will have to play a lead role in elaborating joint flagship initiatives on these themes to be implemented in partnerships with the European Commission services and with strong partner countries’ ownership.

For more on the Practitioners' Network:

17 Apr 2020 10:12 Federal Institutions

Updated 2020 financing requirements and funding plan

The Belgian Debt Agency has modified its 2020 funding plan in order to take account of the Kingdom’s increased funding needs resulting from the Covid-19 crisis. On April 8, 2020, the Economic Risk Management Group published its scenario consisting of a recession of 8.0%[1] in 2020 and a 2020 ESA government deficit of 7.5%. Federal government net borrowing would then amount to EUR 31.41 billion in 2020, representing an increase of EUR 21.81 billion compared to the original funding plan.


As a result, the 2020 gross funding requirements would rise to EUR 51.87 billion. These do take into account a lower amount of pre-funding as the Agency decided to stop buying back bonds maturing in 2022[2].


The Debt Agency plans to issue EUR 45.35 billion of medium and long term funding instruments instead of EUR 30.00 billion as foreseen in the original funding plan. As such OLO issuance would amount to EUR 42.85 billion in 2020. The Agency already issued a third new OLO benchmark (OLO91) on March 31, for an amount of EUR 8.0 billion, and it decided to add three OLO auctions to its auction calendar in May, August and October 2020. This should be sufficient to meet the new OLO issuance target. Overall, long-term funding stands at EUR 22.74 billion as of today, which leaves EUR 22.61 billion to be funded in the remainder of the year.


Short-term funding would also increase in 2020, as the outstanding amount of Treasury Certificates would rise by EUR 8.0 billion over the year. On the other hand, the net change in other short term debt would decrease to EUR -1.48 billion.


The Belgian Debt Agency does not anticipate a breach of its risk limits which would be caused by this extra funding. The average life of the debt portfolio would remain above 9.00 years, and the 12- and 60-month refinancing risks would remain below 17.50% and 42.50% respectively.


The Agency will of course continue to closely monitor the impacts of the measures to battle the corona virus. When needed, updated guidance on the financing plan will be given.



[1] The IMF expects a recession of 6.9% for Belgium (WEO 15/04/2020)

[2] See our March 30 press release

Belgian Debt Agency