North Falls Short of Development Aid Promises

Article no: EN20070225-Article-Z.1-2007

North Falls Short of Development Aid Promises

According to the new Development Co-operation Report of OECD?s Development Assistance Committee (DAC), aid donors will have to increase funding for aid programmes faster that any other public expenditure in order to fulfil their commitments to increase aid to $130bn and double aid to Africa by 2010. Aid funding, recently rising by 5% per year, would have to rise by 11% every year from 2008 to 2010 if promises should be met. WDEV gives a summary of the report with latest aid figures at a glance.