DAC Data Doesn’t Tell All
4/12/12
Global aid flows fell by nearly 3 percent in 2011 according to a recent announcement from the Organization for Economic Cooperation and Development (OECD). The drop in development assistance is considered a result of the global recession and fiscal-tightening as governments trim expenditures to balance budgets. Altogether, aid flows fell by $3.4 billion to a total of $133 billion, the first decrease in development assistance since 1997 (disregarding years of exceptional debt relief).
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