As the European Commission prepares to release its draft proposal for the next Multiannual Financial Framework (MFF), new economic modelling confirms that EU aid — Official Development Assistance (ODA) — significantly benefits the EU economy.
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While EU aid is rightly focused on poverty alleviation and partner economies, the economic boost given to the EU’s own economy as a result of aid spending is not widely known, yet has the potential to change the political dynamic around development spending.
Commissioned by Pandemic Action Network (PAN), shaped by PAN in collaboration with ODI Europe, and modeled by ODI Global using the Global Trade Analysis Project (GTAP), this economic modelling aims to inform the upcoming MFF negotiations.
