The main objectives in this area are i) to increase regional integration and social inclusion and cohesion, ii) contributing to the overall goal of poverty eradication, especially in vulnerable population, in the context of sustainable development, including the pursuit of the MDGs. Some key elements to achieve these goals are the promotion of investments in infrastructures favouring interconnectivity and the development of social and economic networks.
a. Use all available instruments to ensure adequate dialogue on this matter between the EU, Latin American and Caribbean countries, such as those available under the EUROsociAL II programme (including institutional cooperation), the dialogue linked to the implementation of the governance tranche under the 10th European Development Fund (EDF), as well as in the context of present and future trade, economic and association agreements with Latin America and the Caribbean.
b. Continue the bi-regional dialogue within the EU-LAC Forum on Social Cohesion.
* Cooperation activities and initiatives
c. Mobilise the necessary financial resources to improve and develop sustainable infrastructures and networks favouring regional integration and social inclusion and cohesion, including through the Latin America Investment Facility (LAIF). LAIF grants are expected to have a leverage effect to mobilise resources from financial institutions to finance investment projects and technological transfer notably in three areas: i) interconnectivity and infrastructure in particular in the areas of energy efficiency and saving and renewable energy systems, research, sustainable transport, and telecommunication networks; ii) social and environmental sectors including climate change mitigation and adaptation; iii) providing for growth of the private sector (in particular of micro and SMEs).
d. Mobilise the required resources for the establishment of the EU-Caribbean Infrastructure Fund with the purpose to contribute to strengthening regional integration and access to basic social services through improvements of physical infrastructure and related services. The fund is expected to facilitate the mobilisation of additional resources by leveraging of grants with loans and private capital.
e. Support the development of more effective public social policies as well as policies aiming at strengthening local entrepreneurial environment and corporate social responsibility, promoting national and foreign investment and technological transfer.
f. Implementation of projects, in areas such as energy efficiency and saving and renewable energy, sustainable transport, communication networks, climate change adaptation and mitigation, social and economic networks — leading to increased regional integration and social inclusion and cohesion, including technological transfer and innovation when appropriate.
g. Establishment of partnerships between EU and LAC public administrations, through institutional strengthening and cooperation, to support the management and implementation of social policies in areas such as education, health, lifelong learning, social security and social services, administration of justice, taxation and employment. These partnerships may also involve different Latin American and Caribbean countries in triangular cooperation.