The Development Co-operation Report is the key annual reference document for statistics and analysis on trends in international aid. This year, the Development Co-operation Report 2012 seeks to provide insights into how to address today’s sustainable development challenges, with a focus on inclusiveness and good governance to ensure that our finite resources are equitably distributed, now and in the future.
Sharing finite resources among a growing number people – and consumers – is a critical challenge. It is in this spirit that J. Brian Atwood, Chair of the OECD Development Assistance Committee (DAC), invited several intellectual leaders on the challenges of inclusive, sustainable development to contribute to this year’s report.
- 13 Nov 2012
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European Union institutions
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In 2011, ODA grants managed by European Union (EU) institutions amounted to USD 12.63 billion, a 6.4% decrease in real terms compared to 2010 (USD 12.68 billion). The level of ODA managed by EU institutions is determined within the EU multi-year financial framework. The multi-year financial framework for 2014-20 currently being prepared by the European Commission proposes a substantial budget increase for external action (up to 25% in 2011 prices from the previous financial framework). Once agreed, this will confirm the strengthened priority of external activities for the EU and should lead to an increase in EU development co-operation funding levels. In 2012 the EU underwent a DAC peer review of its development co-operation (see page 244 and following for a summary of the findings).