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Wednesday, 29 May 2013

EU still committed to achieve development aid target

The foreign affairs Council of the European Union, which met between 27-28 May in Brussels,  while concerned about dropping European member states’ official development assistance (ODA) levels, reaffirmed its commitment to achieve 0,7 % EU development aid target.
According to the European Commission, in 2012, the EU collective ODA decreased to €55.2 billion from €56.2 billion in 2011, or from 0.45% to 0.43% of EU gross national income (GNI). The total ODA of the EU Member States alone decreased from €52.8bn to €50.6 billion, or from 0.42% to 0.39% of GNI.
According to data from the OECD, all but two EU countries - Austria (+6.1%) and Luxembourg (+9.8%) - made cuts to their aid budget.
According to the same sources, out of the 27 EU countries, only Denmark, Luxembourg, Sweden, and the Netherlands have already met the 0.7% GNI target.

In 2005, EU member states pledged to increase Official Development Assistance (ODA) to 0.7% of Gross National Income (GNI) by 2015 and included an interim target of 0.56% ODA/GNI by 2010. For the 12 Member States which joined the EU in 2004 and 2007 the target is only 0.33% GNI.
At the time it was also decided that the EU shall provide collectively at least 50% of the agreed increase of ODA resources to Africa, and at least 0.15 to 0.20% of GNP to the LDCs,  while fully respecting individual Member States priorities’ in development assistance.

Source: Council of the EU; European Commission