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EU still world’s biggest aid donor but misses own targets

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Monday, 26 August 2013

EU still world’s biggest aid donor but misses own targets

The European Union maintained its position as the worls’s biggest aid donor last year (2012), stumping up €55.2 billion of overseas assistance (over 50% of the global overseas development aid), but the bloc has made no progress towards its target of providing 0.7% of gross national income (GNI) in aid by 2015, according to the European Commission’s 2013 annual development aid report, published on 21 August.
“The EU still has some way to go to reach its 0.7% GNI collective target by 2015,” the report admits. The latest figures show that, at the current figure of 0.43% of GNI, aid commitments by the EU and its member states have not increased since 2010, when they also fell well short of the 2010-interim 0.56% target. The 0.7% quota was established in 2005, as a minimum contribution from the world’s developed countries to helping achieving UN’s Millennium Development Goals.
Among the achievements in its development assistance, the report highlights the “swift and decisive support” Europe has offered to victims of drought in the Sahel and conflict in Syria and Mali, in the form of overseas development aid (ODA).
Much of the annual report focuses on European initiatives such as the Agenda for Change, a communication on increasing resilience among the 870 million food vulnerable people, presented a the Scaling Up Nutrition movement, and the support provided for work reviewing progress on the UN’s Millennium Development Goals, EurActiv reports.

Source: EurActiv