Financing European Development Cooperation

The Financial Perspectives 2014-2020

The Financial Perspectives (2014-2020) is the European Union’s (EU) multi-annual financial framework review. It is one of a number of reviews that will shape the future of EU development assistance and the credibility of the EU as a major player in international development. EU development aid and other policy expenditures are determined every seven years in framework budget reviews. This is equivalent to the government of an EU Member State undergoing a spending review for all areas of public expenditure. All aspects of the EU budget are up for negotiation.

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