The European Union and its Member States continued to be the world's leading provider of official development assistance in 2018 and stepped up their efforts directed at developing countries.
This was confirmed by the OECD's Development Assistance Committee (OECD-DAC) in their latest report on preliminary figures for 2018.
Collective assistance from the European Union and its Member States amounted to more than €74.4 billion in 2018. European development assistance represents almost 57% of the total global development assistance by all OECD-DAC donors.
Commissioner for International Cooperation and Development, Neven Mimica, said: "EU development cooperation helps improve life opportunities for millions of people across the world. The EU and its Member States have invested over €74 billion in development in 2018 – over half the world's development efforts. In the future, the EU and its Member States should not only maintain our leading position, but also keep up efforts to further increase our development assistance.”
Read the full press release here.