development aid

Leading NGOs call on EU leaders to protect EU development aid against short-sighted cuts ahead of this week’s special EU Budget summit.

European Tax Commissioner Algirdas Semeta today announced that all legal conditions are now met for a pioneer g

Development gains made in Afghanistan over the last decade are in danger of being thrown away if levels of aid fall away in conjunction with the withdrawal of international troops in 2014.

The world’s biggest aid donor, the European Union, was sidelined at the High Level Forum on Aid Effectiveness taking place in Busan, South Korea from 29 November – 1 December.

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).

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.

Oxfam spokesperson Mark Fried said: