Europe is the most important provider of aid at a global scale with more than half of all official development assistance coming from the European Union and its member states. Roughly €14 billion a year goes to Africa. Even though other countries are big aid providers, such as the US or Japan, or are rapidly expanding their engagement, such as China and to a lesser extent India, the EU is indeed a world power in development policy. And it is internationally punching pathetically below its weight.