The EU’s capabilities in development aid, trade, diplomacy and crisis management gives it a unique possibility to contribute to the fight against global poverty and for stable and sustainable global development.
The Treaty of Lisbon establishes development cooperation as an independent jurisdiction of the EU’s foreign policy, with the overall goal of reducing and ultimately eradicating poverty. The Treaty emphasizes that development cooperation goals must be considered, when the EU implements policies that might affect developing countries
As the world’s largest actor within development cooperation and with a global presence, the EU has a great potential to influence the global agenda in favour of development in the world’s poorest countries. The EU accounts for more than half the world’s total development aid through the member states’ own contributions and the Community Aid, and is therefore an important source of financing for many developing countries
The Community Aid constitutes more than 10 percent of international development aid and is financed through the EU budget and the European Development Fund. The Community Aid is managed by the European Commission and the European Investment Bank.
Denmark works to strengthen the EU’s role as a global actor and as an effective and relevant partner at the country level. Denmark wants the EU at the frontline in the promotion of freedom, peace and development, and for the EU to lead in achieving the international goals of a larger and better development aid. Denmark puts emphasis on the need for EU policies, instruments and development actions to all work in the same development friendly direction.
In October 2013, Denmark launched an ambitious strategic framework for Denmark’s participation in EU development cooperation, Together for a Better World, which can be downloaded below.