Eurodad member ONE has released a new report which assesses Europe's progress in keeping its ambitious promises for aid increases and aid effectiveness.
The past decade was one of unprecedented growth for sub-Saharan Africa, while the next decade holds both extraordinary opportunities and challenges. From 2000 to 2010, development assistance to sub-Saharan Africa increased by over €14.71 billion.Most of that (62.7%) was related to the Gleneagles commitment period between 2005 and 2010.
During the same time, regional economic growth averaged between 4% and 7% (except for 2009) and Africa was home to six of the world’s ten fastest-growing economies. Sub-Saharan Africa’s advance in development indicators during that period matched its impressive economic track record:
Due to this strong growth, several sub-Saharan African countries have now graduated to middle-income status, and many more could join them over the coming decade. For these latter countries, ‘smart’ aid coupled with accountable domestic investments will help to protect progress already achieved and accelerate further progress.