EU aid operations hit by shock €400 million funding gap

Senior EU officials told EurActiv on the 18 March 2014 that a funding shortfall of around half of the EU’s annual humanitarian aid budget might affect relevant NGO projects and lead to global job losses from July 2014.

The aid crunch is the result of a gap between the sums that EU member states’ pledged for aid operations in ‘commitment credits’ and what they have so far delivered, under a new 2014-2020 EU budget framework insisted on by countries such as the UK.

ESO: Background information: Multiannual financial framework 2014–2020 and EU budget 2014 — The figures http://www.europeansources.info/record/multiannual-financial-framework-2014-2020-and-eu-budget-2014-the-figures/

ESO: Background information: One trillion euro to invest in Europe's future – the EU's budget framework 2014-2020 http://www.europeansources.info/record/press-release-one-trillion-euro-to-invest-in-europes-future-the-eus-budget-framework-2014-2020/

ESO: Background information: Budget cuts jeopardize EU aid projects, humanitarian agencies say http://www.europeansources.info/record/budget-cuts-jeopardize-eu-aid-projects-humanitarian-agencies-say/

---