In the next seven years, African Caribbean and Pacific countries can expect to receive up to 30.5 billion euros ($33.7 billion) worth of aid from the European Union, following the full entry into force of the 11th European Development Fund earlier this week.
In a joint statement, EU foreign affairs chief Federica Mogherini and development commissioner Neven Mimica noted that this represents a concrete implementation of the long-standing Cotonou agreement — a treaty governing foreign policy, trade and aid ties between the EU and 79 ACP countries until 2020.
The current EDF presents an increase of $7.8 billion compared with the previous one. But nongovernmental organizations noted that this upsurge is “no revolution” — especially when the difference of duration, inflation and partners are factored in.
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Manola De Vos
Manola De Vos is an Engagement Lead for Devex’s Analytics team in Manila. She leads and designs customized research and analysis for some of the world’s most well-respected organizations, providing the solutions and data they need to grow their partner base, work more efficiently, and drive lasting results. Prior to joining Devex, Manola worked in conflict analysis and political affairs for the United Nations, International Crisis Group and the EU.
