Contributions to Multilaterals
Multilateral development banks are a major financier of SDG7 in Africa, yet these organisations are funded by their member government shareholders. Non-EU multilaterals which are part-funded by EU Member States dominated multilateral financial flows to SDG7 in Africa in 2014-2020.
An examination of the data published by the OECD showing contributions made by its member states in the period 2014-2020 shows that the collective EUR 36.1 billion contribution of EU member states to multilaterals is more than that of all other donors combined.
As the data provided by the OECD on multilateral contributions for 2019 and 2020 provides more granularity on project details, the report is able to directly track finance from OECD members, through multilaterals and onward to projects. Between 2019 and 2020, Team Europe provided EUR 410 million in core contributions to multilaterals which were directly used to finance SDG7 and policy and capacity-building projects in Africa.