With the knives out on development spending, have we reached ‘peak aid’? | Nilima Gulrajani and Jessica Pudussery
From Trump’s Project 2025 to a huge aid cut by the Dutch, donors are turning their backs on the developing worldForeign aid spending reached a record high of $223bn (£180bn) in 2023, new figures released this week from the Organisation for Economic Co-operation and Development (OECD) confirmed.Yet, in 2024, eight wealthy countries announced $17.2bn in cuts to official development assistance (ODA), and three others hinted at reductions, all to take effect over the next five years. Continue reading...
From Trump’s Project 2025 to a huge aid cut by the Dutch, donors are turning their backs on the developing world
Foreign aid spending reached a record high of $223bn (£180bn) in 2023, new figures released this week from the Organisation for Economic Co-operation and Development (OECD) confirmed.
Yet, in 2024, eight wealthy countries announced $17.2bn in cuts to official development assistance (ODA), and three others hinted at reductions, all to take effect over the next five years. Continue reading...
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