Financing development projects might seem like a complex and technical topic while being vital to sustain the future of people and planet. In this podcast, Jeroen Kwakkenbos from Oxfam International EU Office, guides us through the new trends in aid and the more recent mechanisms put in place to finance development objectives in innovative ways.
For the second consecutive year, EU aid spending has decreased. Despite the well-received 25% reduction in inflated aid, EU aid is still decreasing after discounting these components. This means that, at the current rate of growth, the EU will only meet the 0.7% ODA/GNI target in 2061, as revealed by the CONCORD AidWatch 2019 Report.
For the first time since 2012, the EU’s aid spending decreased in 2017. This means, at the current rate of growth, the EU would need another 40 years to meet the 0.7% ODA/GNI target, reveals CONCORD AidWatch Report 2018.
Brussels, 9 April 2018 – For the first time since 2012, total aid has globally decreased (by 0.6%), show the latest statistics of the OECD Development Assistance Committee. This drop can be explained by the decline of in-donor refugee costs reported as aid (-13.6% on 2016). Reflecting this global trend, European DAC members are the main reason for the shift in the statistics with drops in refugee costs in many Member States such as Austria, Belgium, Denmark, Finland, Germany, Greece and Slovenia.
Aid is more and more perceived by EU leaders as a tool to “control migration”, “manage migration” or “tackle the root causes of migration”. What are the links between the EU’s Aid and Migration agendas in the current migration context? Aiming at clarifying how EU’s development cooperation and migration agendas are interlinked in today’s EU policies, our new report identifies 3 trends outlining how EU aid is used to curb migration and draws a couple of key recommendations. This report is accompanied by pedagogical animated infographics.
While today less and less aid is spent in least developed countries, the EU increasingly spends ODA in favour of national and foreign policy and security interests. The new CONCORD report explores the use of EU aid to respond to security threats and warns the EU of the negative impact this has on sustainable development.