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IRIN Examines Projections Of Global Development Aid

“Aid from the top 15 global donors — all from the Organisation for Economic Co-operation and Development’s (OECD) Development Assistance Committee (DAC) — is estimated to reach $127 billion by the end of 2013, reversing the aid declines of the last two years, according to projections from the Australian National University’s Development Policy Centre,” IRIN reports. “This represents a less than one percent increase over 2012, and is mainly due to some donors pursuing the commitment to give 0.7 percent of national income to development aid by 2015, a promise made by 15 European governments in 2005,” according to the news service. “Researchers based their aid predictions on what the 15 largest DAC donors have pledged to spend this year, compared to their spending intentions at the same time last year,” the news service writes, adding, “These top donors account for around 95 percent of official development assistance” (10/24).