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The EU remains the world's largest aid donor in 2014

09/04/2015 | Economy | 

Source: European Commission Spokesperson's Service

The European Union and its Member States have kept their place as the world's largest aid donor in 2014. They provided more than half of the Official Development Assistance (ODA) reported last year to the Development Assistance Committee of the Organisation for Economic Co-Operation and Development (OECD/DAC). This is shown by data published today by the Organisation for Economic Co-Operation and Development (OECD).

The new figures show that EU collective ODA (i.e. ODA from both EU institutions and Member States) reached 0.42% of EU Gross National Income (GNI) in 2014, increasing to EUR 58.2 billion.

This means an increase of 2.4% from 2013. EU Commissioner for International Cooperation and Development, Neven Mimica, commented: I am proud that the EU has upheld its place as the world's leading provider of ODA in recent years, despite the difficult economic situation. But we are still some way from meeting our ambitious targets. 2015 is a crucial year for the future of sustainable development, with negotiations on the post-2015 agenda and financing for development set to conclude. I firmly believe that we should recommit to reaching the 0.7% target as a crucial contribution to securing an ambitious outcome to the post-2015 negotiations.

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