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Tuesday, 27 April 2010

EU states drifting from development aid goals

The latest figures on development aid from European Union member states from the OECD suggest that the bloc is drifting away from commitments to deliver 0.7 percent of its gross national income in development assistance by 2015. In 2009, largely as a result of the financial crisis, some of the biggest EU economies, Germany, Italy and Spain let their aid flows drop. In total, European aid is off-track to hit its 2010 target of providing 0.56 percent of GNI in development aid, offering 0.44% of aid in 2009, up one percent on the 0.43 percent it provided in 2008. The EU is not alone in its aid truancy. Japan's funding slid by 10.2 percent; Canada's by 9.5 percent; and Australia's by 1.2 percent. The US however chalked up a small increase from 0.19 percent to 0.2. A commitment on the part of developed countries to provide assistance amounting to 0.7 percent of GNI to developing countries was first made as long ago as 1970 by the UN General Assembly.

Source: EU Observer