Many agree: if we want to eradicate extreme poverty by 2030, world leaders must agree on a financing strategy that addresses the needs of the least-developed countries and, most importantly, of the poorest people in these countries. But how much development aid does actually go to these countries that need it most?
Our analysis of the final global aid spending figures in 2013 shows that total global official development assistance was $130.8 billion, a 4.9% increase from 2012. See which countries increased their aid spending and which cut back.
This week, just after the launch of ONE’s 2014 DATA Report, the OECD DAC launched its Development Co-operation Report (DCR) providing an overview of all financial resources available to developing countries.
Just 20 years ago, many countries that are now well-established donors were on the aid recipient list or making the transition to leaving it. These include Czech Republic, Poland and South Korea. This graduation success story is sure to continue, and very likely in a much more striking way than so far.