The European Union will conduct a review of its multi-billion euro external aid to more closely align the bloc’s funding allocation with its foreign policy interests in the midst of a challenging international environment. (...)The EU and its member states are collectively the biggest donor for international aid in the world, providing nearly €96 billion ($99 billion) in 2023, while the US spent nearly $72 billion in foreign support. The two largest donors are competing with China for influence in resource-rich regions including Africa and South America. https://www.bloomberg.com/news/articles/2025-02-10/eu-to-review-its-multi-billion-euro-foreign-aid-allocations?fbclid=IwY2xjawIYGNZleHRuA2FlbQIxMAABHeFe70kIhv3EydwIlHtUcOd6annGzH17xrlSMuWt_IknejRJKIFkXZ8Q_Q_aem_9cDRbM3JrJjbwrJNsGNmrQ