France is considering reducing its development aid and environmental credits in 2016, according to the 2016 Finance bill presented on 30th September during a cabinet meeting. According to official documents, the “Public Development Aid” (APD) mission is allocated payment appropriations of €2.60 billion next year against 2.77 in 2015. The “Environment, Development and Sustainable Mobility” mission is granted an amount of €6.49 billion, against 6.59 in 2015.
These reductions are at odds with the recent commitments of President François Hollande to increase financing for these sectors. During a speech given on 27th September at the UN General Meeting, François Hollande promised to increase by €4 billion per year the public development aid and this from 2020. He also announced an increase in environment funding from France by €2 billion per year in 2020.
The disappointment of NGOs is great. “This is a rude awakening”, Christian Reboul, Financial Development Manager for Oxfam, commented. “We come out of the UN General Meeting, where a big claim was made: to eradicate poverty in the next fifteen years. François Hollande took over this commitment, but we do not see the implementation of his announcements in the presentation of the 2016 Finance bill from the government. This is the 5th year in a row of cuts to the public development aid”, he added.
In 2014, France has devoted only 0.36% of its GDP to APD, less than the 0.70% target set by the UN and fulfilled by only 5 countries, Denmark, Luxembourg, Norway, Sweden and the United Kingdom.
• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...
Kenya tops African entries in 2025 IMD ranking at 56th globally. Botswana, Ghana, South Afric...
• Google unveils Veo 3, its latest AI tool for ultra-realistic video generation• Experts warn deepfa...
In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...
Mauritius is the most peaceful country in Africa for the 18th year in a row Sub-Saharan Afric...
The government of Malawi has signed a memorandum of understanding with Chinese company Hunan Sunwalk for a $7 billion investment to develop the...
Kigali to build 100 km of roads by 2029, targeting 25 km yearly. $100M AfDB loan supports transport upgrade. Citizens to cofund 50% amid...
Canada’s GoviEx kicks off new exploration phase to grow Muntanga project Drilling targets expansion of uranium resources and discovery of new...
Africa still has the largest gap in electricity access. While Central and South Asia have made significant strides, progress in Sub-Saharan Africa,...
Lake Natron, located in northern Tanzania near the Kenyan border, is one of the most extraordinary and extreme lakes in Africa. Fed primarily by the Ewaso...
The Senegambian stone circles stand as one of the most remarkable archaeological legacies in West Africa, spread across parts of present-day Senegal and...