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The Role Of European Union In Financing International Development Using Budget Support

Author

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  • Lect. Ph.D Daea Alexandra Renate

    (University of Craiova, Faculty of Economics and Business Administration, Craiova, Romania)

  • Lect. Ph.D. Mangra Madalina Giorgiana

    (University of Craiova, Faculty of Economics and Business Administration, Craiova, Romania)

  • Assoc. Prof. Ph.D. Stanciu Marieta

    (University of Craiova, Faculty of Economics and Business Administration, Craiova, Romania)

Abstract

The European Union, represented by the European Commission, is the world’s biggest aid donor. The primary objective of EU development policy is the eradication of global poverty, which includes the achievement of the Millennium Development Goals (MDGs). The current EU aid architecture builds upon a variety of approaches: from direct project or sector support to general or sector budget support provided to the recipient government. For many years, the European Commission has promoted the use of budget support as a way of delivering aid, as a modality of financing international development.

Suggested Citation

  • Lect. Ph.D Daea Alexandra Renate & Lect. Ph.D. Mangra Madalina Giorgiana & Assoc. Prof. Ph.D. Stanciu Marieta, 2009. "The Role Of European Union In Financing International Development Using Budget Support," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(13S), pages 15-18, November.
  • Handle: RePEc:aio:rteyej:v:1:y:2009:i:13s:p:15-18
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    More about this item

    Keywords

    European Union; Millennium Development Goals; budget support; international development aid.;

    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • F35 - International Economics - - International Finance - - - Foreign Aid

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