The European Union’s foreign aid budget lacks transparency and measuring its impact is sometimes impossible, according to a new audit.
The European Court of Auditors’ latest nonbinding report found a number of shortcomings in the €79.5 billion (around $85 billion) Global Europe instrument, which covers 70% of EU spending outside the bloc.
Piotr Zych, the lead auditor, told Devex in an interview this week that the most striking problem his team identified was how the money is allocated.
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About the author
Vince Chadwickvchadw
Vince Chadwick is a contributing reporter at Devex. A law graduate from Melbourne, Australia, he was social affairs reporter for The Age newspaper, before covering breaking news, the arts, and public policy across Europe, including as a reporter and editor at POLITICO Europe. He was long-listed for International Journalist of the Year at the 2023 One World Media Awards.
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