Paying for the Johannesburg initiatives
If the measures agreed at the UN Summit are to have a real
impact on sustainable development, they need adequate funding.
What is the European Union's contribution?
The European Union already provides more than 50% of global
Official Development Assistance (ODA). At the International
Conference on Financing for Development in Mexico (the "Monterrey
Conference"), EU Member States pledged to increase their ODA contributions further.
Between now and 2006, the average EU contribution
is set to increase from 0.33% of Gross National Income to 0.39%. This will produce an additional
€9 billion per year in development aid by 2006. This
commitment has paved the way for decisions in Johannesburg on the
channelling of increased development assistance to promote poverty
eradication, sustainable development and the integration of
developing countries into the global system.
While ODA funds play a significant role as a catalyst for
development, other potential sources of funds, both public and
private, are also invited to support the Johannesburg initiatives. This will speed up change and maximise the
benefit to developing countries.
- Europe is the world's biggest donor of development
aid. In 2000 EU aid amounted to 26 bn EUR, which is about 50% of
total international aid flows (including through multilateral
- This means that European aid represents about 69
EUR by citizen, as compared to 36 EUR in the USA (103 in Japan).
Volume of aid in 2000