The European Commission is planning to slash funding to the world’s poorest countries over the next three years, according to internal figures seen by Devex.
A document shared with European Union member state representatives this week shows an average annual reduction across least-developed countries of 35% for 2025-2027 when compared to the amounts allocated for 2021-2024.
Haiti is set to receive €5 million ($5.5 million) per year through 2027, for instance, down from an average allocation of €33 million per year in 2021-2024. The Central African Republic can expect to receive as little as €12 million per year, down from €43 million.