The European Commission and European Investment Bank are both vying for control over the bloc's aid spending — each saying it’s best positioned to oversee coordination of guarantee instruments by European development institutions.
In this episode, Brussels correspondent Vince Chadwick and engagement editor Kate Midden discuss the origins of the power struggle, how the battle over EU aid has played out, and what it means for the future of lending in the region.
Note: In this episode we refer to a “wise persons” group, initially due to issue recommendations on Europe’s development architecture to EU heads of state in Dec. 2018. Since recording, we learned the group, whose members are yet to be finalized, is now expected to present proposals for consideration by leaders in March 2019.
• Exclusive: Unpublished report praises EIB development tool amid budget row
• EU institutions cross swords over future of development finance
• Amid populist tensions, EU aid advocates weigh next move in budget battle
• Q&A: EIB President Werner Hoyer on European aid turf war, Iran, and more
In other development news:
• Last week, DFID held its highly anticipated Safeguarding Summit to address the sexual abuse scandal that has rocked the aid sector — and was met with controversy. Here are the takeaways.
• U.S. President Donald Trump has threatened to cut aid to Central America. Here’s what that could mean for the region.
• In Dubai, the U.N. World Data Forum focused on building capacity of national data and statistical systems. Here's what you missed.