Official development aid worldwide actually fell by 8.4%, in real terms, last year. This meant a drop from 0.31% to 0.28% of OECD member’s GNI, rather than rising up towards the 0.7% of GNI agreed to at the Gleneagles G8 and UN Millennium + 5 summits in 2005.
Much of the change was because debt relief programs last year were not repeated – they should be and they should be extended.
Get informed on this stuff by reading Stiglitz’s book – “Making Globalization Work“, which captures the concerns of the globalization activists and NGOs and answers with some very practical solutions. It’s highly readable to boot.
NZ’s ODA contributions rose by 3.7%, but we are languishing at the back of the pack in dollar (acceptable as we are tiny) but also %GNI terms.