The EU could take a generation to meet the 0.7%ODA/GNI target at the current rate of growth, reveals the CONCORD AidWatch Report 2017. While 2016 saw a substantial increase of 27% in development spending, there has also been a relatively dramatic increase in reporting of inflated aid, such as in-donor costs or debt relief.
Today, the AidWatch report discloses that in 2016, the spending costs for migrants, refugees and securitisation, all reported as aid, increased by 43 % compared to 2015. This type of spending, also known as inflated aid, either never leaves the EU and is spent in-house or illustrates the conditions imposed by the EU on third countries. At the same time, the amount of aid that reaches Least Developed Countries continues to decrease (in 2015, it represented just 14.6% of total European aid). The real aid gap between today’s spendings and the 0.7% target actually amounts to EUR 29.25 billions.
According to CONCORD calculations, it would take the EU and its Member States another 30 years to reach their commitment to 0.7% GNI with only genuine aid being accounted.
The AidWatch Report is available now!
Since 2005, CONCORD AidWatch monitors and makes recommendations on the quality and quantity of aid provided by the European Union Member States and the European Commission. It focuses on the Official Development Assistance (ODA), the main indicator of international aid flow.
The publication provides insights on the successes and failures of the EU to ensure Member States to make significant progress towards the Aid targets: what is the Development Aid budget used for? For whom? And how?
To get the full insights and figures, read the new report!