Possibilities of effectiveness evaluation of development cooperation of European union

The paper is focused on possibilities of economic effectiveness evaluation of supports expended in the framework of the European Development Fund. As an indicator which would refl ect the infl uence of support on a given country, human development index was chosen for its complexity. On base of a sample of African countries monitored in the period of 2001 - 2011, an analysis of time series has been carried out. Its aim was to fi nd out whether and after what period the amount of supports will be refl ected on the size of human development index. Statistically, a small effi ciency of provided supports was proved. It is necessary then to deal partly with the question of their advisability in the present form and partly with a methodology of determination of their effi ciency.