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Category Archives: aid

Development aid increased in 2010 but set to slow over the next three years

Aid flows from OECD Development Assistance Committee (DAC) donor countries totalled $129 billion in 2010, the highest level ever, and an increase of 6.5% over 2009. This represents about 0.32% of the combined gross national income (GNI) of DAC member countries. This means that some countries are still not meeting the targets set by the Gleneagles agreement, as can be … Continue reading

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Number of hungry people still ‘unacceptably high’

Yesterday, the UN’s Food and Agriculture Organisation (FAO) and the United Nations World Food Programme (WFP) said that the number of hungry people in the world remains unacceptably high despite expected recent gains that have pushed the figure below 1 billion. The new estimate of the number of people who will suffer chronic hunger this year is 925 million — 98 … Continue reading

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“Near to impossible” to achieve all Millennium Development Goals

UNCTAD Secretary-General Supachai Panitchpakd, Secretary-General of Unctad, said in opening the organization’s symposium in Geneva yesterday that since the crisis hit in 2008, some 53 million people in the developing world have fallen below the poverty line “and more than 100 million additional people are going hungry.  These numbers are not moving in the right direction.” “Prior to the crisis, … Continue reading

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Concern at expected fall in overseas aid this year

 Aid to developing countries in 2010 will reach record levels in dollar terms after increasing by 35 per cent since 2004. But it will still be less than the world’s major aid donors promised five years ago at the Gleneagles and Millennium and five additional summits. Though a majority of countries will meet their commitments, the underperformance of several large … Continue reading

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Poorest countries need to adopt a new approach

The UN Conference on Trade and Development (Unctad) has just published its “Least Developed Countries Report 2009”, which looks at the world’s 49 poorest countries.   The report says the Least Developed Countries (LDCs) need to focus macroeconomic policy on building up both the productive capacity of their economies and infrastructure. Also, they need to ensure that their fledgling banking … Continue reading

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Why aid to Africa must increase

 I came across this blog yesterday by Shanta Devarajan, the Chief Economist of the Africa Region at the World Bank, and thought that it would be good to copy it in full. “In rich countries, when economic growth declines by three or four percentage points, people lose their jobs and possibly their houses, but they regain them when the economy … Continue reading

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Development aid reaches its highest level ever

Figures published by the OECD yesterday show that total net official development assistance (ODA) from members of the OECD’s Development Assistance Committee (DAC) rose by 10.2% in real terms in 2008 to reach $119.8bn. This is the highest dollar figure ever recorded. In total, it represents 0.30% of member countries combined gross national income (GNI).   This is great news … Continue reading

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