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Thursday, 14 February 2013

EU countries to fill the gap on development aid

EU individual member states must increase their own national development budget in order for the EU to respect its global commitment to allocate at 0.7 per cent of the Gross National Income (GNI) for development purposes by 2015, European Commissioner for Development, Andris Piebalgs declared at the Informal Development Ministers meeting in Dublin on 12 February.
This comes as a consequence of the agreement reached at the European Council on the development budget under the EU Multiannual Financial Framework, which cuts almost by 11% the Commission's original budget proposal for development aid (a difference of at least 6.34%.), and thus does not add any extra money to the EU development and humanitarian aid funding. This falls to put the EU on track to meet the UN target of 0.7% of gross national income (GNI), established by the UN for the achievement of Millennium Development Goals by 2015. At the current level (as of  2011), the EU's aid budget reached a rate of only 0.44% of GNI.
European leaders committed to boost overseas aid to 0.7% of GNI at a meeting in June 2005. An exception was made for the 12 new member states that joined the EU in 2004 and 2007, which were handed a lower target of 0.33% of GNI.
Joe Costello, Ireland's trade and development minister who chaired the Dublin meeting, told EurActiv that the Irish EU presidency would be looking for the older 15 member states to recommit to the 0.7% target.

Source: European Commission, Euractiv