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European Union’s Foreign Aid 

European Union’s Foreign Aid 
The European Union is consistently one of the largest contributors to foreign aid in the world. This organization continuously contributes more than €50 billion. Its goals are to alleviate global poverty and advance international development. Additionally, the European Union’s foreign aid works to institute global agreements that improve foreign aid and its effectiveness.

The European Union’s Foreign Aid

The European Union dedicated roughly €264.2 million to nutrition programs globally in 2018. As a result, more than 26 million people received food assistance. Also, more than 17 million women and young children received nutrition-related aid. In addition, about 6.9 million small agricultural farm owners received support. This improved the sustainability of their production and profitability.

Furthermore, roughly 77 million 1-year-olds received immunizations. Meanwhile, about 23 million students entered secondary education due to the European Union’s education efforts. The European Union also ensured that 723,000 people had access to sanitary drinking water. Moreover, more than 16 million people in developing countries received access to electricity. The European Commission planned to contribute €123 billion to foreign aid between 2021 and 2027. This is a 30% increase of its original budget toward foreign aid.

Foreign Aid During COVID-19

The European Commission suggested allocating $18.2 billion USD to the European Union’s foreign spending on COVID-19 aid packages in May 2020. This decision pleasantly surprised many NGOs and other organizations. The pandemic has caused economic stress and many believed this would result in foreign aid budget cuts. However, this was not the case in the European Union. The European Union has committed €5 billion euros to humanitarian aid and €10.5 billion to support the development of impoverished countries. Furthermore, about €1 billion has contributed to the European Union’s Sustainable Development Goals (SDGs). Its most immediate goal is to support countries recovering from the impact of the COVID-19 pandemic. As such, many NGOs have praised the European Union’s foreign aid budget plan.

COVID-19 Response Packages

About 3.8 billion COVID-19 response packages went to Africa. This decision occurred because of the documentation of 10,000 cases of COVID-19 in a particular week in April 2020 and more than 500 deaths in Africa. Countries that were more vulnerable during this crisis received foreign aid first. The European Investment Bank and the European Bank for Reconstruction and Development provide financial resources to these foreign aid COVID-19 response packages. Furthermore, the packages address a country’s most immediate needs during the pandemic and aid in reconstructing economies.

The European Union Continues to Fight

The European Union pledged more than $18.4 billion to foreign aid in response to the COVID-19 pandemic in April 2020. Additionally, the President of the European Union Commission stated in a press release that ‘the virus knows no borders. This global challenge needs strong international cooperation. The European Union is working tirelessly to fight the pandemic.”

The European Union’s foreign aid contributions are impressive and successful. Also, the European Union continues to act charitably to foreign countries even when its own economy is facing issues due to the pandemic. Furthermore, the European Union has taken leadership in responding to the global pandemic.

– Adelle Tippetts
Photo: Flickr
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Infrastructure Projects in Armenia

Infrastructure Projects in Armenia

Armenia is a landlocked country in the Caucuses region, bordered by Azerbaijan and Turkey. Azerbaijan and Armenia have been in a state of frozen conflict since 1994 with things heating up briefly in 2016. Turkey and Armenia have been at odds for around 100 years over the Ottoman Turks treatment of ethnic Armenians throughout the history of the Empire, especially during the First World War. Due to these sour relations, the borders are closed. Armenia is forced to trade through the two other nations that it borders, Georgia and Iran. Many infrastructure projects in Armenia are focused on increasing the ease of the flow of goods between Armenia and Georgian Ports.

Armenia’s most important railroads used to be owned by a Russian company. Now they are in a state of disrepair. These three railroads run to Georgian ports where Armenian trade goods are then shipped to globally. However, further improvements to rail transport have been halted due to expenses. This has been attributed to lower than expected Russian investment in Armenia.

The World Bank

The World Bank has been working with both the government and private sector on infrastructure projects in Armenia. Due to a stagnant economy, much of this is not only aimed at improving the basic living conditions for Armenians but also at increasing job creation. By building and improving infrastructure, the government and the World Banks hopes to create jobs in the construction sector through government and private programs.

For example, in December 2015, the World Bank approved a $55 million local economy and infrastructure project. The project was aimed at both improving municipal infrastructure to increase the standard of living as well as to protect and sustain cultural heritage sites in order to boost tourism. The project end date is in 2021.

The European Bank

Infrastructure projects in Armenia are also funded by The European Bank for Reconstruction and Development. The EBRD has funded 171  projects in Armenia to the tune of 1.24 billion Euros since Armenia joined in 1992. Of the current 309 million Euros the EBRD is funding for projects in Armenia, 21 percent is going towards infrastructure projects. This includes improving municipal and urban transportation infrastructure.

This money is not only going to roads, rails and vehicles but it is also being invested in improving how commuters pay for transportation. This includes modernizing the ticket system. By making it easier and cheaper for people to purchase tickets for buses and trains, more tickets will be bought and fewer people will hop on for a free ride. The EBRD is also financing greener infrastructure projects in Armenia. At least 23 percent of the funding is going towards the energy market.

Paying It Forward

Despite the help with infrastructure projects in Armenia that the country is receiving to boost its economy and infrastructure, the nation is also giving. In 2015, the Armenian government donated 1 million Euros to the Eastern European Energy Efficiency and Environmental Partnership. Although Armenia also receives funding and expertise from this organization, so do many of its lost family of ex-soviet states. Armenia’s 2015 donation possibly went on to light homes in another country facing a similar situation.

– Nick DeMarco

Photo: Flickr