Printer-friendly versionSend by emailPDF version

The Euro crisis is expected to weigh heavily on Official Development Assistance (ODA) to Africa because the European Union (EU) is the largest aid provider to the continent, an Economic Report on Africa 2012, released by the UN Economic Commission for Africa (ECA) warns. The report, 'Unleashing Africa’s Potential as a Pole of Global Growth', released at the ongoing meeting of African Finance Ministers in Addis Ababa, Ethiopia, notes that a handful of countries, such as France and Italy, had already reduced bilateral assistance to Africa because of the global economic crisis.