Close Menu
    Latest Category
    • Finance
    • Tech
    • EU Law
    • Energy
    • About
    • Contact
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Login
    • EU News
    • Focus
    • Guides
    • Press
    • Jobs
    • Events
    • Directory
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Home » Concern over decrease in EU’s development aid

    Concern over decrease in EU’s development aid

    npsBy nps12 April 2018 No Comments3 Mins Read
    — Filed under: Development EU News Headline1 humanitarian aid
    Share
    Facebook Twitter LinkedIn Pinterest Email
    Concern over decrease in EU's development aid

    ECHO Photo – EU Humanitarian Aid and Civil Protection

    (BRUSSELS) -A decline in development aid from the EU and its Member States is linked to an 80 per cent reduction in debt relief operations and a decrease in in-donor refugee costs, the EU Commission said Tuesday.

    “Achieving sustainable development requires a persistent collective effort,” said Commissioner for International Cooperation and Development Neven Mimica: “We know we need to do more. As the world’s leading ODA provider the EU must show leadership and responsibility.”

    The newly released figures by the OECD-DAC show that the EU and its Member States continue to be the world’s leading provider of Official Development Assistance (ODA) with an overall amount of €75.7 billion in 2017.

    This amount represents 0.50% of EU Gross National Income (GNI). This is significantly above the 0.21% average of the non-EU members of the Development Assistance Committee (DAC), despite a small decrease compared to the previous year.

    Global ODA, reported to the OECD-DAC by all donors, decreased from €131 billion in 2016 to €130 billion in 2017. EU collective ODA constituted 57% of global ODA in 2017.

    The EU and its Members States have been consistently in the lead of global efforts on development financing. EU ODA reached its highest level ever in 2016.

    The 2017 figures show a 2.4% decrease of EU collective ODA for 2017 compared to the previous year, corresponding to €1.9 billion. The EU ODA/GNI ratio for 2017 stood at 0.50%, down from 0.53% in 2016.

    The decline of EU collective ODA in 2017 is linked to a reduction of 80% in the amounts of debt relief operations by EU Member States and a decrease of 8% in in-donor refugee costs. In-donor refugee costs declined from €11.2 billion in 2016 to €10.3 billion in 2017.

    The decrease is also linked to the reflows of European Investment Bank’s (EIB) loans, which reduced the ODA reported by the EIB in 2017 by 28%. As the EIB’s portfolio progressively matures, reflows increase and their amounts are subtracted from ODA.

    In 2017, four EU Member States provided 0.7% or more of their Gross National Income (GNI) in Official Development Assistance: Denmark, Luxembourg, Sweden and the United Kingdom. In 2017, in 5 EU Member States the ODA to GNI ratio increased, it decreased in 14 Member States and remained stable in 9. Considering ODA amounts, 12 Member States increased their ODA by €2.4 billion, while the decrease in 15 others amounted to €3.4 billion.

    Factsheet: Publication of new figures on 2017 Official Development Assistance

    OECD Press release

    Add A Comment
    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    nps
    • Website

    Related Content

    Sustainable finance - Image by Nattanan Kanchanaprat from Pixabay

    Brussels eases corporate sustainability reporting requirements

    Tochytskyi - Micallef - Ukraine Recovery Conference - Photo © European Union 2025

    EU offers support for Ukraine culture and heritage

    Euro - ECB-Photo by Mika Baumeister on Unsplash

    Poor GDP performance marks end of tough week for the Pound – Euro currency news daily

    Ukraine Recovery Conference - Photo © European Union 2025

    EU announces EUR 2.3 billion package for Ukraine recovery

    Ecommerce - Photo by AS Photography on Pexels

    Euro-Parliament moves to stop sub-standard products from outside EU

    Deforestation - Image by Robert Jones from Pixabay

    EUDR saga: Parliament votes to undermine enforcement and EU credibility

    Sponsor: WWF European Policy Office9 July 2025
    LATEST EU NEWS
    Sustainable finance - Image by Nattanan Kanchanaprat from Pixabay

    Brussels eases corporate sustainability reporting requirements

    11 July 2025
    Tochytskyi - Micallef - Ukraine Recovery Conference - Photo © European Union 2025

    EU offers support for Ukraine culture and heritage

    11 July 2025
    Euro - ECB-Photo by Mika Baumeister on Unsplash

    Poor GDP performance marks end of tough week for the Pound – Euro currency news daily

    11 July 2025
    Ukraine Recovery Conference - Photo © European Union 2025

    EU announces EUR 2.3 billion package for Ukraine recovery

    10 July 2025
    Ecommerce - Photo by AS Photography on Pexels

    Euro-Parliament moves to stop sub-standard products from outside EU

    10 July 2025

    Subscribe to EUbusiness Week

    Get the latest EU news

    CONTACT INFO

    • EUbusiness Ltd 117 High Street, Chesham Buckinghamshire, HP5 1DE United Kingdom
    • +44(0)20 8058 8232
    • service@eubusiness.com

    INFORMATION

    • About Us
    • Advertising
    • Contact Info

    Services

    • Privacy Policy
    • Terms
    • EU News

    SOCIAL MEDIA

    Facebook
    eubusiness.com © EUbusiness Ltd 2025

    Design and developed by : 

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?