France will increase its development aid by €4 billion from 2020
Tuesday, 29 September 2015 16:18
The French public development aid will increase by €4 billion from 2020 to reach €12 billion per year, the French president, François Hollande, announced on 27th September.
“France has decided to increase the public development aid by €4 billion from 2020”, Mr. Hollande said in a speech at the end of the UN summit on Sustainable Development Goals. He however did not specify the allocation of this sum between the fight against global warming and poverty.
François Hollande had announced, at the end of August, the merger between the French Development Agency (AFD) and Caisse de Dépôts (CDC). He then mentioned an increase in the public aid without providing any figure.
With €8 billion per year currently (0.36% of GDP), the French aid is still today far from the target of 0.7% of the national wealth set by many developed countries.
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