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 ($93.7 billion) in 2017, confirm the newly released figures by OECD.
The EU collective constituted 57% of Official Development Assistance globally in 2017.
Commissioner for International Cooperation and Development, Neven Mimica, said: “The EU and its Member States continue to provide over half of the total Official Development Assistance globally, investing in people, stronger institutions and societies.”
“However, I am strongly concerned about the decrease of EU collective ODA and of development assistance worldwide. Achieving sustainable development requires a persistent collective effort. We know we need to do more. As the world’s leading ODA provider the EU must show leadership and responsibility.”
The EU and its Members States have been consistently in the lead of global efforts on development financing.