Foreign aid: rebounds in 2013 to highest levels ever despite budget pressures, but still way below promised amounts
The OECD (Organisation for Economic Co-operation and Development) recently published new preliminary figures for aid in 2013.
It showed official development assistance (ODA) aid from wealthy governments had increased to just under $135 billion in 2013 (at constant 2012 prices). This is roughly 0.3% of GNI (Gross National Income) of the donor nations.
Yet, over 40 years ago nations promised to reach 0.7% of their GNI by the mid-1970s. While each year the amount of aid falls quite short of that 0.7% target (less than half of that target), the quality and effectiveness of that aid is often questionable, sometimes benefiting the donor more than the recipient due to the types of conditions attached to this aid.
This update includes a number of new and updated charts and graphs.