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Poverty Up as European Union Aid Falls

Development assistance: The recent figures

The data for official development assistance (ODA) 2009 published by the OECD’s Development Assistance Committee (DAC) in April 2010 (see reference) give a bleak picture. In a year of severe world economic crisis, ODA, generally acknowledged as the essential tool to fight poverty, stagnated. And contrary to the EU’s constantly repeated commitment on scaling-up aid, EU ODA fell – just one year before the deadline for reaching the EU targets. By Bodo Ellmers

The 23 DAC donors’ disbursed US$119.6bn net ODA in 2009, down from US$122.3bn in 2008. In real terms, at constant 2008 prices and exchange rates, ODA showed a minimal increase to US$123.1bn, up 0.7% from 2008 levels. This does not mean that donors made much progress in reaching the 40-years-old United Nations’ goal of providing ODA to the amount of 0.7% of their gross national income ...

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WDEV Recent Issues

Issue 6/Nov-Dec 2011
G20: Wrong forum for development + German aid under Niebel + London contra FTT + Food speculation: How it works
Issue 5/Sep-Oct 2011
The global social crisis +++ Thanks to Germany it's 2008 all over again +++ Nepal: Second chance for Maoists
Issue 4/Jul-Aug 2011
Non-FDI modes of international production + Bail-out 2.0 for Greece + Europe: Tobin tax on the move
Issue 3/May-Jun 2011
Survey on trade union rights violation + BRICS on the new IMF director + Greece and the euro + Green Economy for LDCs?
Issue 2/Mar-Apr 2011
LDC-IV in Istanbul +++ Reforming the global monetary system: Whick role for the IMF +++ Escalation of food prices +++ Remittances and development
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