Brussels, 2 Feb 2016. At the end of 2015 the European Commission launched an “Emergency Trust Fund for stability and addressing root causes of irregular migration and displaced persons in Africa”. At the Valetta summit on migration, the European community recognised the need to address economic and development resilience in the countries of origin. The new fund builds financially on other existing aid assistance instruments. Politically, it builds on the EU Neighborhood Policy goals and the Africa –EU Strategic Partnership. The fund, as of November 2015, has over €1.8 Bio available at its disposal.