On January 11, 2022, the Spanish government launched a new development cooperation bill that, once discussed and approved by parliament before June 2022, will replace the current law dated 1998. The new development law draft reportedly includes increasing Spain’s official development assistance (ODA) to 0.7% of the country’s gross national income (GNI) by 2030. Spain’s ODA was US$2.9 billion in 2019 or 0.24% of GNI.
The new law outlines the Sahel region as a top geographic priority of Spain’s development policy. It also aims to harmonize the Spanish development cooperation system with the new evaluation unit at the Ministry of Foreign Affairs, European Union and Cooperation (MAUC), an important reform of the Spanish Agency for International Development Cooperation (AECID). Spain will also aim to substitute the Development Promotion Fund (FONPRODE) with the new Fund for Sustainable Development to make the disbursement of loans and equity investments which count as ODA more efficient.