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OECD Development Co-operation Peer Reviews: European Union 2018

image of OECD Development Co-operation Peer Reviews: European Union 2018

The OECD's Development Assistance Committee (DAC) conducts periodic reviews of the individual development co-operation efforts of DAC members. The policies and programmes of each DAC member are critically examined approximately once every five years. DAC peer reviews assess the performance of a given member, not just that of its development co-operation agency, and examine both policy and implementation. They take an integrated, system-wide perspective on the development co-operation and humanitarian assistance activities of the member under review.

Among other issues, this review looks at how the European Union has shown leadership in forging global agreements on sustainable development and climate change, and suggests the enhancement of a whole of EU approach in focusing on poverty reduction and countries that are most in need.

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Context of the peer review of the European Union

A range of political and economic factors have affected the context for the European Union’s development co-operation since the last OECD DAC review in 2012. After years of recession following the 2008-09 financial crisis, a positive economic momentum has taken hold in the European Union (EU), spurred by accommodative monetary policy, mildly expansionary fiscal policy and a recovering global economy. Growth continued in 2017 - although at a moderated pace in the first quarter of 2018 - with income inequality in EU countries on average lower than in other OECD countries. At the same time, unemployment is higher than it was before the global financial crisis, while real wages are stagnating in a number of member states.

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