Financing and funding for sustainable development

What’s the issue?

Tackling inequalities, mitigating climate change, building peaceful and thriving societies, and achieving global sustainable development objectives requires a continuous engagement as well as funding.

Although world leaders have agreed on ambitious and universal Sustainable Development Goals and development effectiveness principles, finding the finances to achieve these targets remains a challenge.

The effectiveness of development cooperation depends on partner countries’ ownership of policies, programmes and processes. However, the path towards sustainable development is too often decided elsewhere.

Although civil society organisations play a vital role in speaking up against inequalities and injustices, the support and funding for civil society is also shrinking around the world, with Europe being no exception.

Change we want to see

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EU budget for solidarity

10% of the 2021-2027 EU budget goes to ‘Neighbourhood and the World’.

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Civil society consulted

Civil society organisations are effectively consulted on future EU development funding.

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transparent aid data

Civil society organisations are effectively consulted on future EU development funding.

What we want the EU to do

EU institutions and EU Member States should implement effective development cooperation in line with the Leave No One Behind principle.

EU institutions and EU Member States should provide more and better Official Development Assistance (ODA), with a focus on results. To create ownership in partner countries, the EU must meaningfully consult civil society organisations on programming processes and ensure they can access EU funding which respects the diversity of the sector.

This episode of our “Talking Development” podcasts reveals the important elements that must be considered for the next EU budget, which will last for seven years (2021-2027).

Latest news

A call to safeguard public services and sustainable businesses in Least Developed Countries

May 27, 2021

Social sectors are key buffers against slipping further into poverty against exacerbating inequalities in times of crisis. However, blending operations prioritise investable rather than social sectors, posing particular risks to LDCs. This paper examines the modalities that are best suited for LDCs to achieve the crucial SDGs.

Setting the highest standards for Global Europe implementation

May 6, 2021

Global Europe – the new EU development cooperation instrument – will be implemented in a context of 80 million people globally facing long-term forced displacement. This number is expected to increase due to climate crises, conflicts and food insecurity in the near future. Our recommendations are setting the highest standards for Global Europe implementation.

EU ODA up, but far from levels promised and needed amid international crises

Apr 13, 2021

The figures offer the first tangible evidence of the global pandemic’s impact on EU ODA. In absolute terms, according to the OECD DAC, EU aid increased by 7.8% (72.7 billion USD) compared to 2019. However, this rise is mainly the result of a fall in GNI prompted by the global pandemic.