A study conducted by CONCORD AidWatch found that while the EU bloc remained the world’s largest donor in 2018, having invested €71.9 billion in Official Development Assistance, EU aid decreased for the second year in a row and represented only 0.47% of the EU’s combined Gross National Income (GNI).
With the AidWatch publications, CONCORD members want to hold EU leaders accountable for their commitments to dedicate 0.7% of their GNI for development assistance and to use this aid in an effective way.
The report showed that only Sweden, Luxembourg, Denmark, and the UK met the 0.7% commitment, while five countries, Greece, Italy, Lithuania, Finland, and Austria cut their aid provision by 10%.
With 10 years left to meet the UN Sustainable Development Goals, the 28 members of the EU are still far from meeting their long-standing commitments.
Europe annually provides over €50 billion to help to overcome poverty and advance global development in the Third World. The bloc has yet to form a comprehensive strategy on how to implement the ‘leave no one behind’ principle as part of its Sustainable Development Goals.