Organiser: ACP Business Climate. The rationale for launching the ACP Business Climate (BizClim) is rooted in the Cotonou Agreement and in agreed-upon policies and strategies which prioritise the creation of an enabling business environment. The Facility was established in 2006 as an instrument aimed at boosting the business climate in ACP countries to contribute to the high-level objective of sustainable growth and poverty reduction. Under the current phase, the Facility is endowed with a total of € 10 million, of which € 7.5 million is earmarked to support projects in specific areas of intervention. This phase- (extension of BizClim II) spans 30 months, having started early February 2013 and ending at the end of July 2015. Since its inception, BizClim has aligned its strategy with that of the European Commission, embodied in its 2011 agenda for change that aims for “a greater focus on investing in drivers for inclusive and sustainable economic growth, providing the backbone of efforts to reduce poverty”.