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EU ministers back higher foreign aid spending

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Friday, 19 July 2013

EU ministers back higher foreign aid spending

At the end of June (June 25) European ministers meeting in Luxembourg for the General Affairs Council urged their governments to live up to their commitments on development aid, saying it was essential to support Europe’s promises to reduce world poverty, even at times of austerity.
The support for spending 0.7% of gross national income on development assistance came in a broad package of proposals to support EU and United Nations’ efforts to reduce poverty and promote sustainable development.
The General Affairs Council said the 0.7% target is “a key priority for member states”, but indicated in a statement that national governments had other fiscal challenges: “The EU and its member states reaffirm all their individual and collective [aid] commitments, taking into account the exceptional budgetary circumstances,” it said.
In 2005, the EU’s main donor nations committed to providing 0.7% of gross national income to development assistance by 2015. Four countries exceeded the target, figures from the Organisation for Econommic Co-operation and Development (OECD) show, but most others are lagging behind.

Source: EurActiv