11
Jul

Max Oliva, Associate Director of IE’s Social Impact Management
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According to the Financial Times, The European Commission, which by the way is the world’s second largest aid donor, will come under fire by Save the Children tomorrow Wednesday for its “slowness in disbursing funds”.
Save the Children argues thought their report that the delays in distributing aid already pledged by rich countries threaten to drastically reduce the impact on the development process in the grantee nations. “They jeopardise attainment of the millennium development goals to halve extreme poverty by 2015”. According to the report, the main reason for the delays in disbursing funds is that of “bureaucracy and inefficient administration”.
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Sarah Hague, Save the Children’s economic adviser, said: “Budget support can account for around 40 per cent of developing countries’ spending, and its predictability is hugely important because of the crucial recurrent costs it finances. Delays in disbursing budget support can mean that teachers and health workers don’t get paid, or that important medical supplies and school textbooks don’t reach the children who need them.”
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According to the FT, the gap between pledges and disbursement has been particularly striking in the case of the European development fund, a pot of money funded by the member states but whose grants are administered by the Commission. It is intended to help countries from the poor African-Caribbean-Pacific group.
How relevant do you think these types of reports are, when considering putting the right pressure in the administrations? Will this imply an early and adequate response on the European Commission’s behalf? Will it have an impact on other donors who also have a slow and partial dispersal of aid?
Read more about Save the Children.
Read the whole Financial Times Article.

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