Financing development

Financing development

The European Union and its Member States continued to be the world's leading provider of official development assistance in 2018 and stepped up their efforts directed at developing countries.
The European Commission has just launched a new and user-friendly tool to help stakeholders access and use EU aid data: the EU Aid Explorer. Thanks to the EU Aid Explorer, the EU and its Member States will remain among the most transparent donors in the world. The Explorer offers an overview and details of all EU programmes and projects since 2007. It includes over one million entries.
As part of its External Investment Plan, the EU gave its green light to a package of financial guarantee programmes worth around €800 million on 10 July. This will help to leverage an estimated €8-9 billion in public and private investment in Africa and the Neighbourhood.
This report covers the first year of the operation of the European Fund for Sustainable Development (EFSD). As such, it merges into one the reports on blended finance operations under the Africa Investment Platform (AIP, formerly the AfIF) and the European Neighbourhood Platform (NIP, formerly the NIF). It presents the first results of the EFSD, such as approved blending investments, and the first steps towards implementing the EFSD Guarantee.
The European Commission together with ECOWAS and WAEMU Commissions organised today the High Level Conference – Jobs and Growth in West Africa. The EU, ECOWAS and WAEMU Commissions mobilised high level policy makers, financial institutions and private sector from West Africa and Europe to create more and decent jobs and boost inclusive growth in West Africa.
The Commission is putting forward new simplified EU financial rules for the period 2021-2027 and is proposing to increase the external action budget to better address global challenges.
Commissioner Mimica presented on 23 April in New York a new report showcasing EU and Member States progress in financing sustainable development in line with the Addis Ababa Action Agenda.
The Report 'Investing in Sustainable Development: The European Union's Contribution' assesses the progress made by the EU and its Member States in the implementation of the Addis Ababa Action Agenda. This report provides a general view of collective efforts as well as showcases best practice examples of mobilising different sources and activating contributions from different actors to support sustainable development. Some examples are well-known from the public, other interesting examples from both EU institutions and Member States deserve to be highlighted.
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, confirm the newly released figures by the OECD-DAC. This amount represents 0.50% of EU Gross National Income (GNI). This 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.
Annex: Programming document Anguilla  

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