European states intend to thwart the plan of the European Union's executive arm to disburse some EUR500 million (USD677 million) in crisis aid for poor nations,
reported. The bloc's executive unit announced April that it would accelerate the disbursement of some EUR4.3 billion of previously pledged funding for the developing world this year. "This release of reserve funds is backed by (EU Development Commissioner) Louis Michel and Sweden, but most member states are resisting that request, arguing that existing money should be better spent," an EU official said. "They want to concentrate more on the quality of spending, faster disbursement of funds and projects that add value."