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.