Thursday, February 25, 2010

Foreign Aid Flows

"Foreign aid to poor countries from the rich countries in the OECD’s Development Assistance Committee will reach a record $107.4 billion this year, according to the Paris-based club’s latest projections. But although the rich members of the European Union promised in 2005 to give 0.51% of their GDP as aid by 2010, only some will reach that target."

Comment: The United States is next to last on the chart, with less than 0.2% of GDP devoted to foreign assistance. That in fact is an improvement from the past, as the following graph demonstrates. JAD

1 comment:

Glenn said...

the United States should provide much more foreign aid than it currently does. The difficulty is that most Americans don't really understand how little the United States provides to other countries. Also, it is fairly difficult to calculate the benefits from foreign aid -- but I am optimistic that recent changes can continue.