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

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.

Denying aid on the basis of EU migration objectives is wrong

Nov 27, 2020

After a surprise move by the Chair of the Development Committee, Tomas Tobé, the European Parliament voted in favour of making EU aid to developing countries conditional on their compliance with EU migration control objectives.

AidWatch 2020: Knock-on effects, an urgent call to Leave No One Behind

Oct 28, 2020

2020 marks the first year since 1998 that the global rate of poverty has increased. The COVID-19 pandemic has much to do with that, but it doesn’t help that the EU and its Member States are further off-track than ever in meeting their aid targets.