Foreign aid: shortfall reaches $3.6 trillion; greater than aid given

Almost 40 years ago, rich country governments agreed to give 0.7% of their GNI (Gross National Income) as official aid to poor countries for development assistance. The average aid delivered each year has actually been between 0.2 to 0.4%. The shortfall has therefore accumulated to over $3.6 trillion dollars at 2007 prices, while total aid delivered in that same time frame has reached $2.7 trillion. This update includes updated charts and graphs that look into this further.

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Tags: Aid