Friday, August 14, 2015

EU is the largest donor of official international development assistance and the top contributor in tackling climate change

According to European Commissioner for International Cooperation and Development Neven Mimica, EU is the biggest donor in the world, collectively providing over €58 billion in Official Development Assistance (ODA) in 2014,  and it is expecting to mobilise €100 billion through blending by 2020.
The EU will leverage more development funding by working with the private sector to reach an estimated €100 billion of ODA in 2020. 20% of the EU's assistance will tackle climate change: about €14 billion up to 2020. Horizon 2020, the EU Framework Programme for Research and Innovation (€77 billion) is open to researchers from developing countries. Also, the EU will contribute to lifting 500 million people out of energy poverty by 2030.  Read more at http://eeas.europa.eu/