A Devex guide to EuropeAid

by Raquel Alcega
Devex, 15 May 2017

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The European Union and its member states together make up the world’s largest donor of development funding, collectively providing 68 billion euros (US$ 74 billion) of aid – more than half of global efforts – in 2015, according to OECD data. A single EU institution, the European Commission, alone disbursed 10.3 billion euros (US$ 11.2 billion) of development aid that year, money that was directed both toward recipient government budget support and specific projects. Most of the money the Commission disburses is channelled through the Union’s aid agency, popularly known as EuropeAid. But what does EuropeAid do and how does it work? Here is what you need to know.

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