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What is EU budget support?

09.01.2018

What is budget support? How does it make a difference? How does it contribute to sustainable change in partner countries?

 

Budget support is central to our international cooperation. It involves direct financial transfers to the national treasury of partner countries engaging in sustainable development reforms. These transfers are conditional on policy dialogue, performance assessment, and capacity building.

As a general objective and in line with the above commitments, EU budget support aims at strengthening our partnerships with third countries, to promote sustainable development, eradicate poverty, reduce inequalities, and consolidate peace and democracy.

EU budget support is tailored to the development needs of our partner countries. Specific objectives therefore vary but are always in line with our partner countries’ own development policies, priorities, and objectives, and consistent with the EU’s external action policy.

Budget support also helps partner countries mobilise domestic revenue and depend less on external aid. As it fosters transparency and good governance, budget support contributes to the fight against corruption and the creation of a favourable climate for private investments in our partner countries’ sustainable development measures and infrastructure.