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Monday, 12 April 2010

Newer EU members add value to Europe's development policy

About 60 percent of development aid in the world comes from the EU. And new member states are adding more money to the Development Fund. But can their own experiences with transition contribute to aid effectiveness? In spite of the staggering amount of aid (billions annually), it still remains difficult to quantify the European Union's success in Africa. One thing is certain; the EU is yet to optimize its ability to contribute to development and the eradication of poverty on the continent. As a result, measures have been introduced to develop a coherent policy for development and avoid contradiction and competition in the aid sector. In 2008, during the Czech Presidency, the EU Commission began to compile a European Transition Compendium (ETC) - a document that "will collect examples of best practice for the newer member states that would be useful for emerging and developing countries in transition."

Source: Deutsche Welle