Development aid rises again in 2016 but flows to poorest countries dip

Karsten Weitzenegger Consulting, 11 April 2017

Read online at:
http://www.weitzenegger.de/content/?p=29096

Development aid reached a new peak of USD 142.6 billion in 2016, an increase of 8.9% from 2015 after adjusting for exchange rates and inflation. A rise in aid spent on refugees in donor countries boosted the total – but even stripping out refugee costs aid rose 7.1%, according to official data collected by the OECD Development Assistance Committee (DAC). Despite this progress, the 2016 data show that bilateral (country to country) aid to the least-developed countries fell by 3.9% in real terms from 2015 and aid to Africa fell 0.5%, as some DAC members backtracked on a commitment to reverse past declines in flows to the poorest countries. Official development assistance (ODA) from the 29 DAC member countries averaged 0.32% of gross national income (GNI), up from 0.30% in 2015, as aid volumes rose in most donor countries.

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