Sustainable and inclusive business models can help the EU advance on its various objectives, whether creating decent work opportunities for all or contributing to the ecological transition. It’s time to amplify their power through EU external action.
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.
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.
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.
Aid is not only about quantity, it is about quality too! It needs to reach the people who need it the most. Our new paper “Who owns Development Effectiveness? A European Reality Check” analyses how EU aid is actually used for. This paper puts forward a series of recommendation based on some selected indicators which sets the scene for achieving a more effective and inclusive aid.