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Image header Agence Europe
Europe Daily Bulletin No. 12697
EXTERNAL ACTION / Development

Despite increase in 2020, aid from rich countries is not enough to cover immense needs of poor countries

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...

Contents

EU RESPONSE TO COVID-19
EXTERNAL ACTION
INSTITUTIONAL
SECTORAL POLICIES
SOCIAL AFFAIRS
NEWS BRIEFS