A look at the foreign aid cuts across Europe

2 de oct. de 2024 · 23m 49s

Descripción

Last week, we published an exclusive article on the European Union’s plan https://www.devex.com/news/scoop-the-eu-aid-cuts-revealed-108390 (around $2.2 billion) over the next three years. This will account for a 35% reduction in the...

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Last week, we published an exclusive article on the European Union’s plan to cut its development spending by €2 billion (around $2.2 billion) over the next three years. This will account for a 35% reduction in the amount of money it gives to the world’s lowest-income countries as the bloc aims to focus on other priorities, including supporting Ukraine and stopping migration to Europe.

The European Union is not the only entity in Europe reducing its aid budget. The French government also announced a €1 billion reduction in foreign aid — the third cut in the last two years — while the new U.K. development minister Anneliese Dodds suggested that the government will continue to direct the country’s aid spending on hosting refugees.

Why are European countries slashing their aid budgets? What are the implications of these cuts?

To answer these questions and dig into the issue, Devex Business Editor David Ainsworth sits down with Deputy Managing Editor Fiona Zublin and Senior Reporter Vince Chadwick for the latest episode of our podcast series.

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