Member of the OECD Development Assistance Committee (DAC) since 1961.
In 2012, net disbursements by EU Institutions to partner countries and multilateral organisations were USD 17.57 billion, a 8% increase in real terms from the 2011 total of USD 17.39 billion, due essentially to an increase in loans.
Key Statistics from the Development Co-operation Report 2013 (DCR)
The European Union is a major player in global development, co-ordinating coherent actions amongst its 27 member states and providing direct support to developing countries. Total net ODA by all 27 EU member states was USD 73.6 billion in 2011. Grants by EU institutions totalled USD 12.6 billion.
The latest evaluation from the European Commission provides an assessment of the Commission's past and current cooperation with the Council of Europe by looking at how relevant, efficient, effective and visible this cooperation has been in supporting sustainable impact for the protection, promotion and dissemination of European values.