Foreign aid: highest levels ever but still way below promised amounts

The OECD (Organisation for Economic Co-operation and Development) recently published new preliminary figures for aid in 2008. It showed official development assistance (ODA) aid from wealthy governments had increased to $119.8 billion, the highest ever. This is roughly 0.3% of GNI of the donor nations. Yet, almost 40 years ago nations promised to reach 0.7% of their GNI. While each year the amount of aid falls quite short of that 0.7% target, the quality and effectiveness of that aid is often questionable, sometimes benefiting the donor more than the recipient due to the types of conditions attached to this aid. This update includes a number of new and updated charts and graphs.

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