THE ROLE OF EUROPEAN UNION IN FINANCING INTERNATIONAL DEVELOPMENT USING BUDGET SUPPORT

Alexandra Daea (), Lect. Ph.D. Mangra Madalina Giorgiana and Assoc. Prof. Ph.D. Stanciu Marieta
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Lect. Ph.D. Mangra Madalina Giorgiana: University of Craiova, Faculty of Economics and Business Administration, Craiova, Romania
Assoc. Prof. Ph.D. Stanciu Marieta: University of Craiova, Faculty of Economics and Business Administration, Craiova, Romania

Revista Tinerilor Economisti (The Young Economists Journal), 2009, vol. 1, issue 13S, 15-18

Abstract: The European Union, represented by the European Commission, is the world’s biggest aid donor. The primary objective of EU development policy is the eradication of global poverty, which includes the achievement of the Millennium Development Goals (MDGs). The current EU aid architecture builds upon a variety of approaches: from direct project or sector support to general or sector budget support provided to the recipient government. For many years, the European Commission has promoted the use of budget support as a way of delivering aid, as a modality of financing international development.

Keywords: European Union; Millennium Development Goals; budget support; international development aid. (search for similar items in EconPapers)
JEL-codes: F30 F35 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:aio:rteyej:v:1:y:2009:i:13s:p:15-18

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