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Wednesday, 03 March 2010

OECD: France falls short on aid pledge

France’s draft finance bill gave the first indication and the OECD has now confirmed it: in times of crisis, France fails to honour its commitments towards developing countries. Overseas Development Aid (ODA) in France has become a variable cost in public expenditure. Are donor countries keeping their promises? The OECD addressed the question by studying the 2010 budget provisions for ODA in the major donor countries. The results? Most donors, such as Sweden (1.03% of Gross National Income [GNI]), the UK      (0.56%) and Spain (0.51%), will fulfil their pledges made at the Gleneagles G8 and UN Millennium +5 Summits. France, however, is a notable exception to the positive results, failing to meet the commitments made in 2005 together with other EU members to allocate 0.51% of their GNI to ODA by 2010, rising to 0.7% in 2015. With the draft finance bill suggesting (optimistically!) an ODA/GNI ratio of 0.46% in 2010, France is falling well short of its commitments.

Source: Coordination Sud