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EU remains world's largest aid donor in 2014

Xinhua, April 8, 2015 Adjust font size:

The European Union and its member states kept the place as the world's largest aid donor in 2014, according to a press release issued by the European Commission here on Wednesday.

According to the data published Wednesday by the Organisation for Economic Cooperation and Development (OECD), EU collective Official Development Assistance (ODA) reached 0.42 percent of EU Gross National Income in 2014, increasing to 58.2 billion euros with a 2.4 percent increase compared with 2013.

The EU and its member states provided more than half of the ODA reported last year to the Development Assistance Committee of the Organisation for the OECD, according to the data.

EU Commissioner for International Cooperation and Development Neven Mimica said that the EU had upheld its place as the world's leading provider of ODA in recent years, despite the difficult economic situation. But the EU was "still some way from meeting our ambitious targets."

"I firmly believe that we should recommit to reaching the 0.7 percent target as a crucial contribution to securing an ambitious outcome to the post-2015 negotiations,"he said.

In 2005, the EU and its Member States pledged to increase their collective ODA to 0.7 percent of EU Gross National Income by 2015. Endit