aid budget

The European Union has adopted a new approach to foreign policy dubbed the “Global Gateway,” supported by a new European Financial Architecture for Development (EFAD). These policies are a direct response to the state of permacrises that the world finds itself in. It seeks to inject 180-300 billion euros over a period of six years into the EU’s partner countries in the form of infrastructure projects, a green transition and digitalisation. 

The global repercussions of the Ukraine crisis ―already being felt in fast-rising food, commodity and energy prices― could undermine official aid efforts to help people in other humanitarian hot-spots. 

The only way to avoid the pandemic devastating lives and livelihoods at an untold scale is for rich countries to mobilise all available resources, said Oxfam in response to a new European Commission plan outlining how the EU will support developing countries in the face of COVID-19.

ONE and Oxfam welcome that the highest amount of funding ever has been allocated to refugees and development programs in the European Union's 2016 budget.