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EU-funded project for street kids in Dakar, Senegal. But private finance tools and 'tied aid' see much money flowing back to Western companies (Photo: Matthew Tempest)

Next EU aid budget - less private finance tools, please

The EU budget for developing countries should be about tackling poverty in the poorest countries, not making profit for the richest.

Fierce negotiations are taking place today, as EU ministers for foreign affairs begin to thrash out a deal on the next budget allocation for development cooperation and neighbouring countries, to be spent between 2021-2027. The way EU aid is going to support private companies is one of the main stumbling blocks in those discussions.

What is going to ...

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The views expressed in this opinion piece are the author’s, not those of EUobserver

Author Bio

Matthew is EUobserver's Opinion Editor. He joined EUobserver in June 2018. Previously he worked as a reporter for The Guardian in London, and as editor for AFP in Paris and DPA in Berlin.

EU-funded project for street kids in Dakar, Senegal. But private finance tools and 'tied aid' see much money flowing back to Western companies (Photo: Matthew Tempest)

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Author Bio

Matthew is EUobserver's Opinion Editor. He joined EUobserver in June 2018. Previously he worked as a reporter for The Guardian in London, and as editor for AFP in Paris and DPA in Berlin.

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