The FINANCIAL — The European Union and its Member States continue to be the world’s leading provider of Official Development Assistance (ODA) with an overall amount of €75.7 billion in 2017, as confirmed by the newly released figures by the OECD-DAC.
This amount represents 0.50% of EU Gross National Income (GNI) and is significantly above the 0.21% average of the non-EU members of the Development Assistance Committee (DAC), despite a small decrease compared to the previous year. Global ODA decreased from €131 billion in 2016 to €130 billion in 2017. EU collective ODA constituted 57% of global ODA in 2017, according to the EU Neighbours portal.
Commissioner for International Cooperation and Development, Neven Mimica, said: “The EU and its Member States continue to provide over half of the total Official Development Assistance globally, investing in people, stronger institutions and societies. However, I am strongly concerned about the decrease of EU collective ODA and of development assistance worldwide. Achieving sustainable development requires a persistent collective effort. We know we need to do more. As the world’s leading ODA provider the EU must show leadership and responsibility.”
The EU and its Members States have been consistently in the lead of global efforts on development financing. Since 2015, year of the adoption of the Addis Ababa Action Agenda and the 2030 Agenda for Sustainable Development, EU collective aid has grown by €7.8 billion that is 12%, while the ODA/GNI ratio grew by 6%, underpinning the EU’s and Member States’ sustained efforts to promote prosperity, peace, and sustainable development worldwide.