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CGD Policy Blogs

 

A Well-Intended Waste at Malta? The New EU-Africa Deal Will Do Little for the Migration Crisis

On Thursday, the leaders of 30 African countries signed a European Commission action plan tasking them–in exchange for a $2 billion “emergency trust fund”–to take back economic migrants looking to settle in Europe. If this sum is meant as a bribe, it is a bad deal. With remittances dwarfing foreign aid worldwide ($580 billion versus $135 billion in 2014), migration is a better deal for Africa than aid.