Video guest: Josephine Mwangi

October 2017
M T W T F S S
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5



SELECT_TAGS :
















Twitter

Follow the CTA Brussels Daily

 

twitter logo

 

facebook logo cta

Monday, 30 May 2011

Development aid, but no blank cheque for budget support

EU development aid needs "a significant increase in real terms" from the EU's next multi-annual budget to boost its impact and reach those most in need, says the Development Committee in a report, voted Wednesday, on future development policy. The EU should also go on funding support for developing countries' national budgets, provided that their public finances are sound and transparent, says another report, also voted Wednesday, on the future of budget support. If development policy's ultimate aim - eradicating poverty - is to be achieved, then EU development aid must focus "on the poorest and most vulnerable countries and on reaching the poorest layers of society", says the report, drafted by Filip Kaczmarek (EPP, PL) on the future of development policy. MEPs want a stronger focus on impact and results, but warn that  aid funding should not concentrate on "easy countries" that present the least risks as regards the impact of aid. Aid should be phased out for "emerging" countries such as China, add MEPs. MEPs urge Member States and the Commission to find new sources of aid funding, such as a global financial transaction tax, but oppose any broadening of the OECD's original definition of Official Development Assistance (ODA), since many donor countries have masked reductions in their ODA by labelling ever more fields of activity as "ODA".

Source: European Parliament