Jump to navigation

Vol 54 No 4

Published 15th February 2013


The new poor give less

As EU members cut public spending, funds to Africa shrink and promised aid percentages are under pressure

The European Union’s austerity measures are taking an increasing toll on concessional development finance and grants to African and other developing countries. At their summit on 8 February, EU leaders agreed to a tentative deal for a 960 billion euro (US$1,288 bn.), seven-year budget – €13 bn. below the figure the EU Council President, Herman van Rompuy, had proposed in November.

End of preview - This article contains approximately 1162 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.