Development Aid Spending Reached Record Level In 2013, OECD Report Says
News outlets note that official development aid spending rose to a record high in 2013, according to a report from the Organisation for Economic Cooperation and Development (OECD).
Devex: Foreign aid spending by OECD-DAC donors rises to all-time high in 2013
“Spending on official development aid rose by 6.1 percent in 2013 to reach $134.8 billion, the highest level ever recorded by the Organisation for Economic Cooperation and Development and despite the fact that many donors are still suffering setbacks stemming from the 2008 global financial crisis…” (Santamaria, 4/9).
EurActiv: Overseas aid ‘rebounds’ to record high, says OECD
“Overseas development aid (ODA) jumped 6.1 percent last year to reach a record $134.8 (€97.8) billion, according to new figures from the Organisation for Economic Cooperation and Development (OECD), marking a ‘rebound’ after two years of falling donations…” (Neslen, 4/10).
The Guardian: Foreign aid reaches record high
“Foreign aid for development in poorer countries hit a record high last year, with large spending increases recorded by the U.K., Iceland, Japan, and the United Arab Emirates…” (Provost, 4/8).
Thomson Reuters Foundation: Development aid rebounds to new record high in 2013 — OECD
“…The OECD said the increase came despite ongoing pressure on the budgets of donor governments since the global economic crisis. The OECD total is for aid given by the 28 member states of its development assistance committee (DAC)…” (Rowling, 4/8).
Wall Street Journal: OECD: Aid Budgets Hit Record Level
“…However, the OECD warned that aid flows to the world’s poorest countries — most of which are in Africa — fell again last year, with much of the increased aid going to middle-income countries such as India, Pakistan and Brazil — which, despite recent strong economic growth, continue to have large populations living in poverty…” (Hannon, 4/8).
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