Major chunk of development aid channelised to LDCs in 2017: OECD
By TIOL News Service
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PARIS, APRIL 10, 2018: AS per OECD official data, foreign aid from official donors totalled USD 146.6 billion in 2017, a small decrease of 0.6% from 2016 in real terms as less money was spent on refugees inside donor countries but with more funds flowing to countries most in need of aid.
Stripping out in-donor refugee costs, net ODA was up 1.1% from 2016 in real terms (i.e. correcting for inflation and currency fluctuations). ODA spent by donor countries on hosting refugees fell by 13.6% to USD 14.2 billion as refugee arrivals, mainly in Europe, decreased. In-donor refugee costs were 9.7% of total net ODA, down from 11% in 2016.
Bilateral (country to country) aid to least-developed countries increased by 4% in real terms to USD 26 billion, following several years of declines. Aid to Africa rose by 3% to USD 29 billion and, within that, aid to sub-Saharan Africa was also up 3% to USD 25 billion. Humanitarian aid rose by 6.1% in real terms to USD 15.5 billion.
The dip in the headline figure left total ODA from members of the OECD’s Development Assistance Committee (DAC) equivalent to just 0.31% of their combined gross national income, down from 0.32% in 2016 and well below a United Nations target to keep ODA at or above 0.7% of donor GNI.
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