EU Targets Aid Increase by 2015

Food aid from the European Union and distributed by the World Food Programme. The EU expects to up the volume of aid it gives to developing countries by 40 percent. Photo by: Malini Morzaria / EU

The European Union expects to increase the volume of aid it provides to developing countries, particularly those in Africa, by 40 percent by 2015, European Commissioner for Development Andris Piebalgs has said.

“Four out of the 27 European countries have already devoted 1 percent of their GDP to the aid for Third World countries. Several others are doing the same and we hope that by 2015, all member countries will reach the 0.7 percent of their GDP,” Piebalgs told reporters at the conclusion of the 16th African Union summit held Jan. 30-31 in Ethiopia.

Piebalgs added that the European Commission “strongly backs” French President Nicolas Sarkozy’s proposal to tax international financial transactions, the Pan-African News Agency reports.

“Actually, we rely on the double French chairmanship of G-20 and G-8 for the idea to materialize,” Piebalgs said.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.