Development aid soars to new high of USD 142 bn: OECD
By TIOL News Service
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PARIS, APR 12, 2017: OECD's latest data shows that the development aid reached a new peak of USD 142.6 billion in 2016, an increase of 8.9% from 2015 after adjusting for exchange rates and inflation. A rise in aid spent on refugees in donor countries boosted the total – but even stripping out refugee costs aid rose 7.1%.
Despite this progress, the 2016 data shows that bilateral (country to country) aid to the least-developed countries fell by 3.9% in real terms from 2015 and aid to Africa fell 0.5%, as some DAC members backtracked on a commitment to reverse past declines in flows to the poorest countries.
Official development assistance (ODA) from the 29 DAC member countries averaged 0.32% of gross national income (GNI), up from 0.30% in 2015, as aid volumes rose in most donor countries. Measured in real terms – correcting for inflation and currency fluctuations – ODA has doubled (up 102%) since 2000.
ODA spent on hosting refugees inside donor countries jumped by 27.5% in real terms from 2015 to reach USD 15.4 billion. That equates to 10.8% of total net ODA, up from 9.2% in 2015 and 4.8% in 2014. Many donor countries have seen unprecedented inflows of refugees in the last two years, and the DAC is working to clarify its ODA reporting rules to ensure that refugee costs do not eat into funding for development. Humanitarian aid rose by 8% in real terms in 2016 to USD 14.4 billion.
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