The European Union launched one of the largest programmes of development support in the country. The European Union will contribute Rs. 5.4 billion in to reduce poverty in the provinces by improving the income of poor people living in rural areas and helping to ensure that they have enough food to eat, even in times of hardship. Speaking […]
EU Development Policy
The EU is a unique economic and political partnership between 28 European countries that together cover much of the continent.
The EU was created in the aftermath of the Second World War. The first steps were to foster economic cooperation: the idea being that countries that trade with one another become
economically interdependent and so more likely to avoid conflict. The result was the European Economic Community (EEC), created in 1958, and initially increasing economic cooperation
between six countries: Belgium, Germany, France, Italy, Luxembourg and the Netherlands. Since then, a huge single market has been created and continues to develop towards its full potential. What began as a purely economic union has evolved into an organisation spanning policy areas, from development aid to environment. A name change from the EEC to the European Union (EU) in 1993 reflected this. The EU is based on the rule of law: everything that it does is founded on treaties, voluntarily and democratically agreed by all Member States. These binding agreements set out the EU’s goals in its many areas of activity.
The European Union and its Members States remain the largest donors of official development assistance (ODA) in the world. Together, in 2014, they provided more than a half of all development aid given across the world. Development policy which forms an integral part of the EU’s external policies focuses mainly on poverty reduction and eradication. The EU thus seeks to ensure sustainable economic, social and environmental development and to promote democracy, rule of law, good governance and human rights. The EU’s support is channelled through a variety of actors ranging from EU Members States to beneficiary countries, international organisations, national and international NGOs and private companies. The 140 EU Delegations across the globe play a key role; not only have they supported the implementation of EU’s development programmes and policies but also help fostering the image of the EU around the world.