total bilateral aid from OECD-DAC donors represents about 0.32% of their combined gross national income (GNI). Only Denmark, Luxembourg, the Netherlands, Norway and Sweden exceeded the United Nations recommended development aid target of 0.7% of GNI. An OECD survey shows that most donors plan to increase aid over the next three years, though at a slower pace than before: 2% per year between now and 2013, compared to the average 8% per year over the past three years. Aid to Africa is likely to rise by just 1% per year in real terms, compared to an average of 13% over the past three years. At this rate, any additional aid to the African countries will be outpaced by population growth, which is not good news for the fight against poverty or reaching the Millennium Development Goals. Development aid to slow

total bilateral aid from OECD-DAC donors represents about 0.32% of their combined gross national income (GNI). Only Denmark, Luxembourg, the Netherlands, Norway and Sweden exceeded the United Nations recommended development aid target of 0.7% of GNI.

An OECD survey shows that most donors plan to increase aid over the next three years, though at a slower pace than before: 2% per year between now and 2013, compared to the average 8% per year over the past three years. Aid to Africa is likely to rise by just 1% per year in real terms, compared to an average of 13% over the past three years. At this rate, any additional aid to the African countries will be outpaced by population growth, which is not good news for the fight against poverty or reaching the Millennium Development Goals.

Development aid to slow

Notes

  1. sadfacts posted this