Monday, March 30, 2009

[IWS] OECD: DEVELOPMENT AID HIGHEST EVER IN 2008 [30 March 2009]

IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations
-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor
---------------------- Stuart Basefsky
New York, NY 10016
-------------------------------Director, IWS News Bureau
________________________________________________________________________

OECD

Development Aid at its highest level ever in 2008 [30 March 2009]
http://www.oecd.org/document/35/0,3343,en_2649_34487_42458595_1_1_1_1,00.html


Total ODA in 2008

30/03/2009 - In 2008, total net official development assistance (ODA) from members of the OECD's Development Assistance Committee (DAC) rose by 10.2% in real terms to USD 119.8 billion.  This is the highest dollar figure ever recorded.  It represents 0.30% of members' combined gross national income (GNI, see <http://www.oecd.org/dataoecd/48/34/42459170.pdf> Table 1 and <http://www.oecd.org/dataoecd/47/52/42458612.pdf> Chart 1).

Bilateral development projects and programmes have been on a rising trend in recent years; however, they rose significantly by 12.5% in real terms in 2008 compared to 2007, indicating that donors are substantially scaling up their core aid programmes (see < http://www.oecd.org/dataoecd/47/54/42458651.pdf> Chart 2).

In 2008, preliminary data show that net bilateral ODA from DAC donors to Africa totalled USD 26 billion, of which USD 22.5 billion went to sub-Saharan Africa.  Excluding volatile debt relief grants, bilateral aid to Africa and sub-Saharan Africa rose by 10.6% and 10% respectively in real terms.  (The increases including debt relief were 1.2% and 0.4% respectively).

AND MUCH MORE...including TABLES & CHARTS.....


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Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
                                   
Telephone: (607) 255-2703                
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  
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