Standing at USD 161.2 billion in 2020, official development assistance from the 29 richest countries has reached a record high, according to preliminary data from the OECD’s Development Assistance Committee (DAC), which was released on 13 April.
This represents an increase of 3.5% in real terms compared to 2019, and has been driven by additional spending to assist developing countries dealing with the Covid-19 crisis.
This amount only represents 0.31% of aggregate GNI, however, which is...