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Monday, 27 July 2015

German aid budget rises by 13.5 % : climate funding on agenda

The German Cabinet unveiled that the draft budget for BMZ — the government’s development ministry — for 2016 will be raised 13.5 % to €7.42 billion euros ($8 billion). Since 2009, BMZ’s budget stood at €5.81 billion. The new packages includes increased expenditure on displacement (approx. €600million extra),  health systems in Africa(approx. €600million extra) and  climate funding (approx. €250million extra). BMZ has also pledged to allocate a significant amount of increased funding fight global hunger. Following global crises, such as the Ebola outbreak, which claimed more than 10,000 lives in West Africa, donors and practitioners alike have been working on  how to strengthen local infrastructure for a more robust response in future. A similar threat is posed by climate change, which the German government has long recognized as a potentially existential threat.  

Source: devex.com