Tuesday, December 12, 2017

OECD: Sweden No. 1, Norway’s aid drops

Global aid is falling, following a significant drop in American and Japanese aid. Support for Africa, debt relief excluded, is basically flat, despite donors’ promises to double aid to Africa by 2010, according to figures released by the OECD’s Development Assistance Committee (DAC) in Paris.

Sweden is now the world’s best aid performer providing 1.03 per cent of Gross National Income as aid last year. Norway’s aid level has dropped to 0.89 per cent and now shares the No. 2 spot together with Luxembourg.

Norway is also one of few countries that has failed to meet its own target for following up promises at the 2002 Monterrey conference on financing development, where countries promised to raise their aid levels.

Richard Manning
Richard Manning, Chair of the OECD DAC © OECD Photo


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