More or Less? A Financial Analysis of the Proposed 11th European Development Fund

In December 2011, the Commission invited the Member States to consider a draft Internal Agreement governing the implementation of EU aid for the African, Caribbean and Pacific Group of States (ACP) and Overseas Countries and Territories (OCTs) for the period 2014-2020. This draft Internal Agreement for the 11th EDF, that further details the overall proposal for the EDF as made in ‘A budget for Europe 2020’ that was published in June of the same year, indicates that the EDF would continue to be the largest instrument in financial terms for EU external action in the period 2014-2020.

This briefing note intends to provide insights and perspectives to both ACP and EU stakeholders on the proposed 11th EDF which could inform their contributions to the discussions on the future financing of EU development cooperation. In this briefing note, financial contributions to the 11th EDF are analysed by accounting for factors such as inflation, size of the population, size of the economy, and number of years covered by the 11th EDF.