The European Union is the world’s largest provider of development assistance, the main trading partner of developing countries, and a key actor in political dialogue.
In 2005, the EU committed itself to double its current level of Official Development Assistance (ODA) by 2010.
In terms of delivery of development aid, 2005 was a record year for the European Commission : €6.2 billion was spent – up from €5.7 billion the previous year. It showed again that the Commission, which manages about one-fifth of the EU total flows of official development aid, can deliver effectively and rapidly on its commitments, so that the money reaches those who need it.
The results show the value of the reforms launched in 2000 to improve the way in which the Commission’s aid to third countries is spent. This, together with the EU’s
activities in response to natural disasters like the Tsunami and the earthquake in Pakistan, testify to the fact that the Commission is becoming an increasingly reliable partner.
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