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Monday, 25 June 2012

EU MS under pressure to keep development investment promises

According to an EurActiv interview with Eloise Todd, ONE Brussels Office, the EU’s collective aid levels decreased in 2011. While some Member States, namely Germany, France and Italy, are responsible for 68% of the funding gap, Spain, the Netherlands, Austria and Greece succeeded in keeping their promises to Africa regarding development investment.
Ms. Todd warns that budget projections by the European Commission suggest there will be additional cuts by other countries as well. Additionally, she highlights that despite real progress in recent years, “there are still over a billion people still living in extreme poverty”.
She points out that supporting the proposed levels of development funding in the next Multiannual Financial Framework presents an opportunity to help countries to get closer to their aid targets. Ms. Todd is in favour of the proposals made by the Commission for Heading 4 and the European Development Fund (EDF) being kept. “We want to see governments protecting effective development investments”, she says.

Source: EurActiv