From 2011 to 2015, the EU will need to increase ODA globally by €42.93 billion to meet its projected target of €93.78 billion. In 2011, it had achieved only 54.2% of its collective 2015 target, falling further behind than in 2010.
As the debt crisis spreads across the region, Member States will likely continue measures of budget austerity, making it more challenging than ever to protect development assistance funding and to continue steady increases – including in the budget negotiations for the next EU development budget.
But in the final push on the MDGs, fulfilling these promises, along with pursuing smart, coordinated policies, will be crucial to help poor countries meet their ambitious development targets. In order to achieve their targets, Member States who do not already have detailed
timelines in place should develop roadmaps covering the next three years. Decisive action by policy-makers can put countries back on track towards meeting their goals.