AS per the OECD latest data, major donors’ aid to developing countries,
known as Official Development Assistance (ODA), fell by nearly 3% to USD 133.5
billion in 2011 compared to 2010, the first drop since 1997 when debt relief
figures are not included.
This
global average hides even worse news. Within total net ODA, aid for core
bilateral projects and programmes fell by 4.5% in real terms and by 8.9% for
flows to the Least Developed Countries. In 2011, the largest donors were the
United States at $30.7 billion (a fall of 0.9%); Germany ($14.5 billion, up
5.9%); the United Kingdom ($13.7 billion, -0.8%), France ($12.9 billion, -5.6%);
and Japan (10.6 billion, -10.8%).
Denmark, Luxembourg, the Netherlands, Norway and Sweden continued to
exceed the United Nations’ ODA target of 0.7% of GNI. In real terms, the largest
rises in ODA was registered in Italy at 33%, while Greece showed the sharpest
drop, at -39.3%.
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