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Development aid fell by 4% in real terms in 2012, following a 2% fall in 2011. The continuing financial crisis and euro zone turmoil has led several governments to tighten their budgets, which has had a direct impact on aid to poor countries. There is also a noticeable shift in aid away from the poorest countries and towards middle-income countries. A moderate recovery in aid levels is expected in 2013.
Major donors’ aid to developing countries fell by nearly 3% in 2011, breaking a long trend of annual increases. Disregarding years of exceptional debt relief, this was the first drop since 1997.
Aid flows from OECD Development Assistance Committee (DAC) donor countries totalled USD 129 billion in 2010, the highest level ever, and an increase of 6.5% over 2009. This represents about 0.32% of the combined gross national income (GNI) of DAC member countries.
In 2010, net official development assistance (ODA) flows from members of the Development Assistance Committee (DAC) of the OECD reached USD 128.7 billion, representing an increase of +6.5 % over 2009. This is the highest real ODA level ever, surpassing even the volume provided in 2005 which was boosted by exceptional debt relief. Net ODA as a share of gross national income (GNI) was 0.32%, equal to 2005, and higher than any other
New OECD figures show continuing growth in development aid in 2009, despite the financial crisis.
Aid to developing countries in 2010 will reach record levels in dollar terms after increasing by 35 per cent since 2004. But it will still be less than the world’s major aid donors promised five years ago at the Gleneagles and Millennium + 5 summits.
From the Monterrey Financing for Development Conference in 2002, to the Gleneagles G8 Summit and the UN Millennium +5 Summit in 2005, donors committed to increase their aid to developing countries, and to Africa in particular
In 2008, total net official development assistance (ODA) from members of the OECD’s Development Assistance Committee (DAC) rose by 10.2% in real terms to USD 119.8 billion. This is the highest dollar figure ever recorded. It represents 0.30% of members’ combined gross national income.
The OECD will release a new report – Managing Water for All: Pricing and Financing – at an event during the World Water Forum in Istanbul.
The 22 member countries of the OECD Development Assistance Committee, the world’s major donors, provided USD 103.7 billion in aid in 2007.