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 News
EU Summit Fails to Make Strong Commitment on Development Aid
[6/07/2012]
At the EU Summit on 28-29 June, governments failed to commit to strong funding for development aid in the next EU budget or Multi-Annual Financial Framework (MFF) 2014-2020. A few day before the Summit, CONCORD's 2012 AidWatch Report, 'Aid We Can: more investment in global development' highlighted that aid budget cuts are becoming a major trend, with €500 million slashed from total EU aid spending in 2011. In addition, big countries such as Germany and France missed their aid targets in 2011.
Further, it is important to keep aid focused on tackling poverty and to account for it properly: in 2011, for example, EU governments wrongly accounted as aid €2.43 billion as debt relief, €1.82 billion as refugee costs, and others costs. According to CONCORD, without the EU Member States supporting the European Commission's proposal to increase funding for external action from 5.7% to 6.8% of the total MFF and the proposed significant increase in development aid, progress in many sectors will come to a halt.
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