Report calls for better targeted EU financing to end extreme poverty in Africa
The European Think Tanks Group published a briefing note on pathways for the EU to end extreme poverty across the African continent. The briefing recommended methods for better targeting funding for human development sectors including education, health, and social protection.
According to the report, extreme poverty in sub-Saharan Africa could be eliminated by 2030 if all of the OECD development assistance committee donors met the UN target to spend 0.7% of their gross national income on official development assistance (ODA), and if half of ODA was channeled to the least developed countries (LDCs). The report urges the EU to increase the proportion of their ODA allocated to LDGs from 27% of total ODA
The report urges EU to better focus its funding on human development in the least developed countries (LDCs) by increasing the proportion of ODA to LDCs (currently at 27% of total ODA) and by increasing the proportion of ODA to human development (currently at 20% of total ODA).
Report - European Think Tanks Group