France is a country in Western Europe that people know for its wines and its medieval art. France is a generous donor of foreign aid, which is the voluntary transfer of resources from one country to another. This aid can take several forms, including money, military assistance and natural resources. The purpose of foreign aid is to provide humanitarian relief and support to other nations. In addition, it is a strategic way to elevate national security and garner assistance in return from other countries in time of need. France is the fifth-largest donor country in the world. In 2019, the country allocated $12.2 billion to foreign aid. Here are five facts about France’s foreign aid.
5 Facts About France’s Foreign Aid
- France has prioritized five areas of development. International stability and climate change are some of the most important of the government’s priorities, along with global education, health and gender equality. France aligns these priorities with several strategies, such as the gender equality strategy for 2018 to 2022, which will allow it to approach and contribute to overall global progress.
- France emphasizes support for priority countries. France provides at least 50% of its allocated foreign aid funds to 19 countries that are mostly in Northern and Central Africa. These countries include Ethiopia, Chad, Haiti and Senegal. These funds primarily go to addressing climate disruption and promoting economic development.
- France distributes a large amount of its aid in the form of loans. In comparison to other donors, France’s foreign aid policy accounts for more than twice the average amount of loans as exhibited by the Development Assistance Committee (DAC). The DAC’s Peer Review of France recommended in 2018 that the country increase the number of grants it gives while decreasing its dependency on loans.
- France intends to increase its foreign aid budget. Currently, France allocates 0.44% of its gross national income (GNI) to foreign aid. The country’s president, Emmanuel Macron, has set a goal of attributing 0.55% of the GNI to foreign aid by 2022. This would increase the budget from its current amount, $12.2 billion, to over $15 billion, allocating nearly $3 billion extra to France’s foreign aid.
- France ranks highly for foreign aid donations in several categories. The country ranks second among the top 23 donors for aid to education, and it ranks the highest for donations to the environmental sector and general budgetary support. France’s commitment to funding these sectors in foreign aid ensures its progression on a global scale, improving educational attainment and environmental conservation for the country’s donor recipients.
France is a highly successful nation in terms of providing foreign aid. Through this, France is able to contribute to global environmental preservation, human development and gender equality, economic development and peace and stability. Nations receiving aid benefit from these improvements, along with economic growth and poverty reduction. France has committed itself to further developing its foreign aid policy and increasing the budget to offer further support.
– Natasha Cornelissen