Knowledge for Development

EU Member States on target for a 35% increase in development aid


Date: 18/11/2004


EuropaWorld, 12 March 2004. The European Commission has adopted its second annual report on Member States? efforts to deliver on their commitments taken in the context of the Financing for Development Conference in Monterrey (2002). The report concludes that Member States remain on target to significantly increase their volume of ODA by 2006. This is ?10 billion more per year in comparison with 2002, and equivalent to a 35% increase. European Commission press release.