Opinion: Next EU Aid Budget – Less Private Finance Tools, Please

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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 happen? It’s too early to say. Read more here.

Source: EU Observer

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