Aid spending fell in 2018, for the second year in a row

poor

(Ben White, Unsplash)

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum.

Author: Johnny Wood, Senior Writer, Formative Content


Development aid from wealthy countries fell for the second consecutive year in 2018, adversely affecting some of the world’s poorest nations.

According to Organisation for Economic Co-operation and Development (OECD) figures, the 30 members of its Development Assistance Committee contributed $149.3 billion to global aid programmes, a drop of 2.7% from the previous year.

Humanitarian aid fell by 8%, while the least-developed countries saw a 3% drop in bilateral overseas development assistance (ODA), which is when a government gives aid directly to the government of another country. Aid to Africa fell 4% in real terms over the same period.

Image: OECD

The fall was largely due to less aid being spent on hosting refugees, as arrival numbers fell and stricter rules on which refugee costs can count as foreign aid were enforced.

While aid spending increased in 17 donor nations, including major contributors like Hungary, Iceland and New Zealand, assistance levels fell in 12 countries, many of which experienced falling refugee numbers.

Aside from the reduction in aid spent on hosting and processing refugees, year-on-year overseas development assistance remained constant.

 

OECD Secretary-General Angel Gurría said: “This picture of stagnating public aid is particularly worrying as it follows data showing that private development flows are also declining. Donor countries are not living up to their 2015 pledge to ramp up development finance and this bodes badly for us being able to achieve the 2030 Sustainable Development Goals.”

The 2030 UN Sustainable Development Goals were adopted by all United Nations member states in 2015 to address concerns like global poverty and inequality, while implementing strategies to improve health and education and spur economic growth, particularly among the world’s poorest nations.

ODA accounts for two thirds of external finance for the least-developed nations. The OECD’s Development Assistance Committee is pushing for ODA to be used as leverage to generate private investment and domestic tax revenue in the world’s poor nations.

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

More funds needed to counter ‘persistent and multi-faceted humanitarian problems’ in Ethiopia

Commission publishes guidance on coronavirus-related humanitarian aid to Syria despite sanctions

Teamgum @ TheNextWeb 2014

A letter from Italy: Our insecurity in COVID-19 times

Companies that put employees first perform better

Vile act of torture prohibited ‘under all circumstances’, UN chief affirms on International Day to support victims

The power of partnership: joining forces to fight financial crime

Speak up for health care workers’ safety

Intervene, don’t overthink – the new mantra of systems design

8000 young people in the EP in Strasbourg: “a breath of fresh air for EU democracy”

This is what happened to CO2 emissions in the EU last year

From Israel’s ‘start-up nation’, 4 lessons in innovation

3.7 million lives could be saved by 2025 if health services ramp up nutrition actions: WHO

You can live up to 10 years longer by doing these 5 things

Statement by OECD Secretary-General Angel Gurría on the outcome of COP 25

Italian Prime Minister Giuseppe Conte: “Europe must listen to the people”

Integration of migrants: Commission launches a public consultation and call for an expert group on the views of migrants

European Youth Forum welcomes strong stance on human rights in State of the Union

Why rich countries are seeing more poverty

Quality of air in Bucharest-Romania: is it fog or is it smog?

Commission reaches agreement with collaborative economy platforms to publish key data on tourism accommodation

This is how we can feed the planet while saving the ocean

Genocide threat for Myanmar’s Rohingya greater than ever, investigators warn Human Rights Council

Mental health and suicide prevention

World Migratory Bird Day highlights deadly risks of plastic pollution

UN chief expresses solidarity with Indonesian authorities after flash floods kill dozens in Papua

‘Path to peace’ on Korean Peninsula only possible through diplomacy and full denuclearization: US tells Security Council

9 climate tipping points pushing Earth to the point of no return

EU Ombudsman investigates the European Commission

Humanitarian aid: €7 million for disaster preparedness in Southern Africa and Indian Ocean region

MEPs approve €585 million to support refugees from Syria

How can we make entrepreneurship serve the greater good?

Can the world take the risk of a new financial armageddon so that IMF doesn’t lose face towards Tsipras?

We need to build a quantum security coalition. Here’s why

A Sting Exclusive: “The challenge of Society’s digital transformation”, Spanish Minister of Spain for Industry, Energy and Tourism José Manuel Soria live from European Business Summit 2015

China’s lead in the global solar race – at a glance

How COVID-19 can be the Great Reset toward global sustainability

UN food agency begins ‘last resort’ partial withdrawal of aid to opposition-held Yemeni capital

The World Bank’s 2020 country classifications explained

Venezuela: Competing US, Russia resolutions fail to pass in Security Council

On Kristallnacht anniversary, UN chief urges renewed fight against ‘crime’ of anti-Semitism

The EU has to prove it can remain one piece

Politics needs to “Youth UP” in order the ensure the future of our democracies

5 reasons to protect mangrove forests for the future

States with power and influence to end suffering of Yemenis must take action ‘immediately’ – UN rights chief

COVID-19: Both WHO and Europe must learn from the current pandemic, say MEPs

Italy’s revised budget remains roughly unchanged waiting for Europe’s fury

Tropical Cyclone Idai affects 1.5 million across Mozambique and Malawi, as UN ramps up response

Germany rules the banking industry of Eurozone

Google strongly rejects EU antitrust charges and now gets ready for the worst to come

Labels for tyres: deal for greener and safer road transport

Why people with disabilities are your company’s untapped resource

The Fourth Industrial Revolution must not leave farming behind

Agreement on linking the emissions trading systems of the EU and Switzerland

Political solution ‘long overdue’ to protect the children of eastern Ukraine

Europe plans to send satellites into space to monitor CO2 emissions

UN General Assembly President upholds value of multilateralism in speech closing annual debate

‘Air bridge’ vaccination operation begins for Ebola-hit communities in DR Congo

More Stings?

Advertising

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s