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.
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Source link : https://www.theguardian.com/global-development/2025/jan/23/global-development-economics-donor-spending-refugee-oecd-world-bank-peak-aid
Author : Nilima Gulrajani and Jessica Pudussery
Publish date : 2025-01-23 06:00:34
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