European Development Fund (EDF) Created in 1957 by the Treaty of Rome, and first launched in 1959, the European Development Fund (EDF) is the main instrument for providing Community development aid in the African, Caribbean and Pacific (ACP) countries and the overseas countries and territories (OCTs). What does it cover? The EDF supports actions in the ACP countries and the OCTs in the following key areas for cooperation: economic development, social and human development, regional cooperation and integration. The EDF consists of several instruments: grants managed by the Commission, risk capital and loans to the private sector, managed by the European Investment Bank under the Investment Facility, the FLEX mechanism, aiming at remedying the adverse effects of instability of export earnings It is concluded for a multi-annual period (usually 5 years) and is implemented within the framework of an international agreement between the European Community and the partner countries.
How much money is available? . CONCORD on 11th EDF. EU's "Agenda for Change" The European Union as a whole (Member States plus Commission-managed funds) is the most generous donor of official development aid worldwide. In 2010, it provided €53.8 billion - more than 50% of global aid. The European Commission is responsible for the management of €11 billion of aid per year, putting it in second place among donors globally. Future EU development aid spending should target countries that are in the greatest need of external support and where it can really make a difference, including fragile states. Cooperation should take different forms for countries which are already experiencing sustained growth or which have sufficient resources of their own. EU assistance should focus on two priority areas: Human rights, democracy and other key elements of good governance, and Inclusive and sustainable growth for human development.
The EU aims to help create growth in developing countries so they have the means to lift themselves out of poverty. Background and next steps. European Report on Development 2011/2012: Towards better management of water, energy and land. Confronting Scarcity: Managing Water, Energy and Land for inclusive and sustainable growth The European Report on Development (ERD) for 2011/2012 examines the constraints on water, energy and land and how they interrelate. It also considers how these resources can be managed together to promote growth in developing countries that is both socially inclusive and sustainable.
The report states that a combination of public and private action is required to respond to the challenges and urges the international community to radically transform approaches to managing water, energy and land (WEL) in order to support inclusive and sustainable growth in the poorest developing countries.The ERD is an independent report published annually that bridges the gap between policy and research and contributes to the EU's perspective on major development issues. Its messages and conclusions do not necessarily reflect the EC position What is the European Report on Development? Who wrote the ERD 2011/2012? Council conclusions on Aid Targets. "In times of crisis, the EU must not forget the poorest in the world", says Commissioner Piebalgs. EU confirms its position as the world's largest aid donor in 2011.
European Commission - Press release "In times of crisis, the EU must not forget the poorest in the world", says Commissioner Piebalgs. EU confirms its position as the world's largest aid donor in 2011 Brussels, 4 April 2012 – With €53 billion of development aid in 2011, the European Union and its 27 Member States remains the world biggest donor, providing more than half of global official aid, preliminary figures on official development aid published by the OECD reveal today.
At a time of heavy budgetary constraints, 16 Member States managed to increase their aid, three of them are ranked among the five largest donors worldwide and four of them have already reached the target of spending 0.7% of their Gross National Income (GNI) on aid. Commissioner Piebalgs commented: "Despite the crisis, Europe reaffirms its solidarity with the poorest across the world. Background: For more information See also MEMO/12/243 Website of the European Commissioner for Development, Andris Piebalgs:
Publication of preliminary data on Official Development Assistance, 2011. Brussels, 4 April 2012 Publication of preliminary data on Official Development Assistance, 2011 Are there differences of methodology between the Organisation for Economic Co-operation and Development (OECD) and the EU? How do we compare data? The OECD Development Assistance Committee (DAC) is the ultimate authority that decides if certain expenditure reported to it (by member states or other donors) qualifies as Official Development Assistance (ODA). The DAC is currently composed of 24 members: Australia, Canada, Japan, Korea, New Zealand, Norway, Switzerland, USA, EU15 countries and the EU.
The DAC press release presents individual data for DAC members and non-DAC OECD members, thereby covering the individual ODA performance of 21 EU Member States. In addition, DAC presents the collective outcome of the 27 EU Member States, without publishing the individual performance of the six EU Member States that are not part of the OECD. Why is the data preliminary? Table 2: EU ODA 2010-2015. Aid Watch report on EU aid. CONCORD. EU External Action - ECDPM. Com-366. European Development Days |
European Commission - European Voluntary Service.