Development aid rose in 2009 and most donors will meet 2010 aid targets

Monday, April 26, 2010

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New OECD figures show continuing growth in development aid in 2009, despite the financial crisis. Total net official development assistance (ODA) from the donors in the OECD’s Development Assistance Committee (DAC) rose 0.7% in real terms, but the rise was 6.8% once debt relief, a volatile item, is excluded

The OECD Secretary General, Angel Gurría, welcomed news of the further increase in ODA and urged donors to keep the momentum going in future years, despite their fiscal challenges. “Aid is less than 1% of government spending on average in OECD countries while there is still much effort needed to reach the Millenium Development Goals. This is a vital investment with big returns for the world as a whole” he observed.

The DAC Chair, Eckhard Deutscher, pointed out that a clear majority of DAC members are meeting their aid commitments even in the face of the economic crisis. Though there has been an encouraging increase in ODA to Africa, Deutscher pointed out that this fell well short of the Gleneagles target of a USD 25 billion increase by 2010. “Aid financing remains vital to meet the MDGs,” he observed, “so all donors need to make the efforts necessary to meet their commitments.”

Source: Agriterra

 ODA.pdf

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