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.

Advertising

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

Erasmus+ 2021-2027: more people to experience learning exchanges in Europe

World remains a ‘violent, highly discriminatory place’ for girls

Capital markets selloff: The financial moguls send messages to monetary authorities

Killing of aid worker in Syria part of ‘disturbing trend’

3 steps to making multistakeholder partnerships a powerful force

How public private partnerships must evolve to create social impact

Deaths from far-right terrorism have more than tripled in the West

UN chief announces progress on committee to shape Syria’s political future

Steps taken to end Saudi ‘guardianship’ system for women, ‘encouraging’ start

UN chief welcomes re-opening of key Gaza border crossing

Creating shared value: an opportunity and challenge for entrepreneurship

The EU’s outermost regions: strengthened partnership bears fruit

Syria: UN-backed watchdog says chemical weapon ‘likely used’ in February attack

Trump ostracized by his party and world elites but still remains in course; how can he do it?

Canada has high levels of well-being and solid growth but trade tensions and housing market pose risks while inclusiveness could be improved

No more lead in PVC to protect public health, say MEPs

European Commission steps up protection of European intellectual property in global markets

French full-body veil ban, violated women’s freedom of religion: UN Human Rights Committee

Protecting citizens’ access to social security in case of no-deal Brexit

Antitrust: Commission opens investigation into possible anti-competitive conduct of Amazon

UN launches drive to highlight environmental cost of staying fashionable

We need greater protection for our oceans. We can’t let politics stand in the way

China is adding a London-sized electric bus fleet every five weeks

Bacterial resistance: the significant worldwide problem

From DIY editing to matchmaking by DNA: how human genomics is changing society

These forms of exercise are best for your mental health

Youth platforms call on German Government to break down legal barriers for young volunteers and pupils

Niger population’s suffering ‘increasing with each passing month’: UN Refugee Agency

OECD: Mind the financial gap that lies ahead

Asia’s plastic problem is choking the world’s oceans. Here’s how to fix it

Schengen: MEPs ready for negotiations on temporary checks at national borders

These 3 countries are global offshore wind powerhouses

VAT: EU Member States still losing almost €150 billion in revenues according to new figures

EU free-trade agreements with Canada and US: imagine the fallout if put to national referendums

70 years after the Universal Declaration of Human Rights, this is why we need dignity more than ever

5 reasons to be more cheerful about the future of the oceans

‘Internal security’ or how to compromise citizens’ rights and also make huge profits

Voices of young climate action activists ‘give me hope’ says UN chief

The race for Driverless vehicles: where is the industry heading?

How speaking ‘parentese’ to your child could make them a faster learner

‘Unique opportunity’ to resolve border dispute between Sudan, South Sudan

Only one in five countries has a healthcare strategy to deal with climate change

MWC 2016 LIVE: Ingenu steps up efforts to build LPWA networks across the globe

Mergers: Commission opens in-depth investigation into proposed acquisition of GrandVision by EssilorLuxottica

Protecting whistle-blowers: new EU-wide rules approved

More unemployment and lower wages to make European workers competitive?

I’m not feeling lucky: The “Right to Be Forgotten” ruling puts Google inside a box

The opportunity of studying Medicine abroad

Almost there: Equal healthcare for LGBTQI+

Does the EU want GMOs and meat with hormones from the US?

Tax revenues have reached a plateau

MWC 2016 LIVE: Telenor CEO calls on operators to embrace Mobile Connect initiative

Main results of EU-Japan summit which took place on 25/04/2019 in Brussels

Extraordinary Justice and Home Affairs Council: Commission presents Action Plan for immediate measures to support Greece

The gateway to carbon pricing? Air pollution policy

Migration crisis update: The “Habsburg Empire” comes back to life while EU loses control

6 ways to drive funding to transform the fashion industry

Venezuela, Poland and Sudan amongst 14 new Human Rights Council members

‘No-deal’ Brexit: European Commission takes stock of preparations ahead of the June European Council (Article 50)

MEPs condemn attacks on civilians, including children, in Yemen

More Stings?

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