Thursday, September 08, 2011

Development aid reaches an historic high in 2010

In 2010, net official development assistance (ODA) flows from members of the Development Assistance Committee (DAC) of the OECD reached USD 128.7 billion, representing an increase of +6.5 % over 2009. This is the highest real ODA level ever, surpassing even the volume provided in 2005 which was boosted by exceptional debt relief. Net ODA as a share of gross national income (GNI) was 0.32%, equal to 2005, and higher than any other year since 1992.

Bilateral aid for core development programmes and projects (i.e. excluding debt relief grants and humanitarian aid) rose by +5.9% over 2009 (see Chart 2). New lending (+13.2%) increased faster than grants (+6.8%).

Bilateral ODA to Africa was USD 29.3 billion, of which USD 26.5 billion was for sub-Saharan Africa. These amounts represent an increase in real terms of +3.6% and +6.4% respectively over 2009. However, excluding debt relief grants, bilateral ODA fell very slightly (-0.1%) for Africa but rose (+1.7%) for sub-Saharan Africa. More from the OECD Development Assistance Committee....

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