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The scale of the losses could outweigh the $103bn developing countries receive annually in overseas aid.

About innovative financing for development and climate change EU Finance Ministers today agreed their common position for the upcoming G20 Finance Ministers meeting on 14-15 October in Pa

Aid from rich nations is likely to fall by at least $9.5 billion by the end of 2012 – the biggest drop in aid for 15 years, according to new calculations by international agency Oxfam ahead of this week’s G20 Summit (Nov 3-4).

Inequality has increased in 14 of the 18 G20 countries since 1990 as economic growth has too often failed to benefit poor people.

Today, EU member states have proposed a spending increase of 10 percent in 2019 for the EU’s external policies compared to this year’s budget. However, governments are focusing on the wrong issues, Oxfam, Save the Children, DSW and IPPF EN say. The organizations argue a strong focus on human development is needed to counter increasing inequalities and make sure no one is left behind.

In their Deauville Accountability Report, the G8 has massaged the figures, claiming to have delivered almost US$49 billion of the promised $50 billion. But according to the OECD, responsible for measuring the official aid figures, the G8 have delivered just $31 billion.

Today, the Development Assistance Committee of the Organisation for Economic Cooperation and Development (OECD DAC) published its preliminary figures on the amount of development aid provided in 2021. 

Aid money the G8 has promised but won’t deliver could save more than 3 million lives, Oxfam said today as leaders gathered for the summit in L’Aquila, Italy.

G20 finance ministers meeting in London this weekend should provide a $280 billion bailout for millions of poor people struggling to survive the economic crisis. We provide three easy ways the G20 could deliver this up.

Poor countries are cutting back investment in farming, health service and services to help women because of fears about rising debts and the impact of the economic crisis, according to a new database launched today.