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Publication | 2024

2024 Annual Report to the European Council on EU Development Aid Targets – Council Conclusions

Highlights:

The 2024 Annual Report to the European Council on EU Development Aid Targets is a comprehensive report on the EU and its Member States' commitments and delivery of Official Development Assistance (ODA).

Key points from the report include:

1. The EU and its Member States accounted for 42% of global ODA in 2022 and 2023, confirming their leadership on the global agenda for sustainable development.

2. The Council emphasizes the importance of narrowing the global financing gap for achieving the Sustainable Development Goals (SDGs) and linking all sources of financing to the implementation of the 2030 Agenda.

3. The report highlights the importance of ODA's key role in financing the implementation of the 2030 Agenda and its ability to leverage other public and private sources of financing.

4. The Council reaffirms the aim of the EU Global Gateway Strategy to support resilience and sustainable development in partner countries through both hard and soft infrastructure projects.

5. The report underlines human development as a central element in EU external action and international partnerships, including health, food and nutrition security, education, social protection, and social inclusion.

6. The Council emphasizes that ODA must fully contribute to advancing gender equality, both through mainstreaming and targeted action.

7. The report acknowledges the specific challenges of countries that graduate from low-income to middle-income status and reaffirms the EU's commitment to the principles of effective development cooperation.

8. The EU and its Member States are still the largest global ODA provider, including to Least Developed Countries (LDCs). However, the Council expresses concern about the slight decrease in EU collective ODA to LDCs in 2022.  

[Disclaimer: Text generated by GPT@JRC using Generative AI technology. For comprehensive information and context, please refer to the full document.]