Economy

Between values and interests: drivers of EU aid

EU aid is still more poverty-focused than peers, but external policy drivers are growing and reshaping development cooperation after Global Gateway.

This paper examines whether Official Development Assistance provided by the European Union aligns with its primary objective of poverty reduction. Using OECD data from 2005-2024, we distinguish between three categories of aid allocation determinants: recipient need, recipient merit and donor interests. 

Our results show that EU aid remains poverty-targeted. Yet, strategic drivers such as migration flows, geopolitical alignment and access to critical raw materials are gaining ground, while the importance of democratic governance has declined. Several additional findings stand out. First, migration partnerships are associated with higher aid flows. Second, geopolitical competition with China has not been a major determinant of EU aid allocation, though this may have changed post-Global Gateway. Third, compared to major bilateral donors, EU aid is more linked to poverty alleviation and democratic governance. Fourth, the importance of different drivers evolves over time, especially after the launch of Global Gateway. 

These findings point to a tension between the EU’s normative commitments and the use of aid as an instrument of external policy, raising questions about the future direction and effectiveness of EU development cooperation. 

Source : Bruegel

GLOBAL BUSINESS AND FINANCE MAGAZINE

Recent Posts

Anatomy of a rise: Monetary policy and the post-Covid surge in long-term interest rates

The sharp rise in long-term interest rates since 2020 is difficult to explain from slow-moving…

2 days ago

Beyond trade diversion: How the US-China trade war reshaped global production

Trade wars do not simply redirect exports; they also reshape the costs of production, disrupt…

2 days ago

Why we spend so much time in meetings

Few features of modern work are as widely criticised as meetings. Using data from over…

2 days ago

New jobs in 140 years of data: Why the AI displacement fear is overstated — and what to worry about instead

Forecasts of AI-driven job destruction rest on counting automatable tasks. But labour markets hire, pay,…

2 days ago

Fiscal unsustainability and capture: $40 trillion Treasury debt does not measure the risks; enhanced long-term repurchases don’t improve them

US federal government debt exceeded $40 trillion in August 2026, triggering concerns about fiscal credibility…

2 days ago

How exchange rate policy reshapes global supply chains and productivity growth

Global current account imbalances are widening again. This column argues that currency undervaluation, supported by…

2 days ago