The 27-state EU, the world's biggest donor accounting for 50% of the world aid with 53.8 billion Euros ($72 billion) in 2010, has decided on Wednesday to cut aid from 2014 to 19 Emerging Economies including China, India and Brazil, the EU's development commissioner Andris Piebalgs said.The 19 countries losing out are: Argentina, Brazil, Chile, China, Colombia, Costa Rica, Ecuador, Kazakhstan, India, Indonesia, Iran, Malaysia, Maldives, Mexico, Panama, Peru, Thailand, Venezuela and Uruguay.
The commissioner said the decision was taken to bring about “a shift in our relations with emerging countries and a focus of the aid on the Poorest Countries” between 2014 to 2020.The decision was reached within a context of broader changes to the EU’s external spending as it adapts its long-term budget planning to tighter financial conditions and the rise of such rivals on the global economic stage.
The European Commission said in an October policy paper detailing the changes that it would increase the “volume and share of EU aid to the countries most in need and where the EU can have a real impact, including fragile states.”…NEPAL can benefit from all this.
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