Team Europe increased Official Development Assistance to €66.8 billion as the world’s leading donor in 2020
- Economic development & market opportunities
- Strengthening Institutions & good governance
- Connectivity, energy efficiency, environment and climate change
- Mobility & people-to-people contacts
- Economic and social cooperation
- Energy, transport and environment
- Political and security dialogue
The EU and its 27 Member States have significantly increased their Official Development Assistance (ODA) for partner countries to €66.8 billion in 2020. This is a 15% increase in nominal terms and equivalent to 0.50% of collective Gross National Income (GNI), up from 0.41% in 2019, according to preliminary figures published yesterday by the Organisation for Economic Co-operation and Development’s Development Assistance Committee (OECD-DAC).
The EU thereby confirms its position as the world’s leading donor, providing 46% of global assistance from the EU and other DAC donors, and has taken a major leap forward towards meeting the commitment to provide at least 0.7% of collective GNI as ODA by 2030.
In response to the Coronavirus pandemic, the EU, its Member States, and the European financial institutions, together with the European Investment Bank and the European Bank for Reconstruction and Development, have combined their financial resources as Team Europe, mobilising over €40 billion in support to partner countries in 2020. 65% of this amount was already disbursed in 2020 in support of the immediate humanitarian needs: health, water, sanitation and nutrition systems, as well as tackling the social and economic consequences of the pandemic.
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Q&A on preliminary figures on 2020 Official Development Assistance for the EU and its Member States
Commission’s publication of figures on the global COVID-19 response