Friday, June 15, 2007

OECD Journal on Development: Development Co-operation Report 2006


Development donors will have to increase funding for aid programs faster than any other public expenditure in order to fulfill their commitments to increase aid to $130 billion and double aid to Africa by 2010,. In order to meet those commitments, aid funding, recently rising by 5% per year, would have to rise by 11% every year from 2008 to 2010.

The report reviews aid volumes, noting which donors give the most–the US by absolute amount, Sweden and Norway as a percentage of their gross national incomes–and which countries get the most: Iraq at $12.9 billion annually in 2004-05 and Nigeria at $3.2 billion, both boosted by exceptional debt relief.

No comments: