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The EU’s New Budget: Europe’s Recovery at The Expense of Its Long- Term Ambitions

After a four day marathon run of negotiations, the 27 Heads of State of the EU reached an agreement on both the Recovery Fund—a large fund to support the post-COVID recovery across the EU—and its new long-term budget and priorities, the Multiannual Financial Framework (MFF) 2021-2027. While leaders across the EU are now hailing the deal as a “win” for their own voters and priorities, inevitably the negotiations were fundamentally driven by domestic interests and priorities, and predictably, international development has suffered as a result of the cuts.

A screenshot of the top of the country report for China in the 2020 CDI.

CDI 2020: China’s Commitment to Development

China’s policy commitment to development ranks 35th of the 40 countries in the CDI. Some of the results may seem counterintuitive: Most people know that China provides major levels of finance to Africa, and that it’s a big producer of greenhouse gases. However, after we take account of country size to enable comparisons between countries, our index ranks China last on development finance but well above the US and in the top ten on limiting greenhouse gas emissions.

Photo of the development leaders conference in Beijing

Fostering Development Cooperation: A Development Leaders Conference

How can the development community truly harness the power of this cooperation and come together to achieve the Sustainable Development Goals? Last month, the Center for Global Development again hosted the Development Leaders Conference, this time in Beijing in partnership with the Asian Infrastructure Investment Bank (AIIB).

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