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Wednesday, 05 December 2012

Four countries exceed EU targets for international aid

Four countries- Sweeden, Luxembourg, Denmark and the Netherlands exceeded European Union targets for international development assistance last year, OECD analysis shows.
Sweden had the largest surplus, having spent $5.6 billion (€4.3 billion), or 1.02% gross national income for aid in 2011, while the EU has an overall target of 0,7%.
Luxembourg, which is the smallest of EU’s major donor nations, spent $413.4 million (€316.2 million) or 0.97% of GNI. Sub-Saharan African nations were the biggest beneficiary of Luxembourg’s aid though Vietnam, Nicaragua and El Salvador were also recipients.
Luxembourg’s contribution represents however only 0.48% of overall EU development aid in 2011. Germany has the largest European expenditures to development aid, with $14.5 billion (€11 billion) in 2011. The three next European main donors, ranked by total contribution were the UK, France, and the Netherlands.
The EU is collectively the largest world aid donor, providing $86 billion (€66 billion) in total both from national governments and EU institutions – or 55% of the world total in 2011, according to OECD figures.
European leaders have agreed to provide annual development aid equivalent to 0.7% of gross national income by 2015. But austerity measures could cost the EU’s aid budget nearly €10 billion for the seven-year period running from 2014 to 2020 under the latest proposals being discussed by EU leaders at their November summit in Brussels.


Source: Euractiv

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