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Growing share of European development aid disguised as loans | EurActiv

EXCLUSIVE: About a third of German, and more than half of French development aid payments made since 2005 were in fact loans to poorer countries on which they will receive interests, EurActiv can reveal.

Last year, Germany and France fell far short of their 2015 development aid targets, despite bundling loans and domestic administrative costs with grants as part of their total payment.

In 2005, EU member states committed to increase Official Development Assistance (ODA) to 0.7% of Gross National Income (GNI) by 2015. That was reaffirmed at a meeting of EU leaders in February 2013.

Only the UK, Denmark, Sweden, Norway and Luxembourg hit the 0.7% target in 2013. Those countries used either no, or very few, loans to make up their numbers in 2013.

Note the mistake in the title: it should be loans disguised as aid, not aid disguised as loan...

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Fri Dec 12th, 2014 at 03:35:29 PM EST
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