A budget that delivers for people and planet

Illustration of a globe next to a brown wallet with a euro banknote partially visible, symbolizing global budgeting.
Last updated on: 03 December 2024 Read the full paper

 

In today’s world, the interconnectedness of societies, ecosystems, and economies is undeniable. Crises like climate change, pandemics, and conflicts transcend borders, affecting everyone, including EU citizens.

To effectively address both current and future crises, as well as setbacks in human rights, sustainable development and gender equality, the EU urgently needs additional resources. Investing in these efforts benefits both EU citizens and people worldwide, reinforcing global security and stability for all.

A bold, forward-looking budget will allow Europe and its partners to be better prepared and more resilient to shocks. For ODA investments to be truly impactful, the EU’s approach to international partnerships must be grounded in a rights-based framework that promotes human dignity, human security, and equity. The needs of people in partner countries, alongside the realization of the SDGs and the Paris Agreement, must guide collective efforts.

At the same time, the EU also stands to benefit from ODA investments. Strengthening the EU’s credibility as a genuine international partner helps promote the Union’s values and geopolitical interests. A more peaceful and equitable world is not only a moral goal but also a strategy for long-term prosperity.

In this paper Aidsfonds, alongside 40+ organisations, call for scaling EU ODA to at least €200 billion over the next MFF, and explain why it’s a smart investment for the EU.