Norway among leading aid donors to poor countries / News / The Foreigner

The Foreigner Norway among leading aid donors to poor countries. The Norwegian government has increased its net official development assistance (ODA) amongst falling contributions in Eurozone crisis-hit countries, the OECD reports. Norway is one country is among the nine countries this year that has increased its contribution. It has continued to exceed the United Nations’ ODA target of 0.7%. According to the Organisation for Economic Co-operation and Development, Denmark, Luxembourg, the Netherlands and Sweden are the others.

norwayoecd, norwayaiddonations



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Norway among leading aid donors to poor countries

Published on Thursday, 4th April, 2013 at 07:05 under the news category, by Shruti Chauhan.

The Norwegian government has increased its net official development assistance (ODA) amongst falling contributions in Eurozone crisis-hit countries, the OECD reports.



Norway is one country is among the nine countries this year that has increased its contribution. It has continued to exceed the United Nations’ ODA target of 0.7%.

According to the Organisation for Economic Co-operation and Development, Denmark, Luxembourg, the Netherlands and Sweden are the others.

The largest donors by volume were United States, the United Kingdom, Germany, France, Japan. Norway has increased its ODA by 0.4%.

Most of the OECD member countries have let the ODA to poor countries slip further in 2012, however, in the face of economic crisis looming large over Europe. This move is in order to tighten their budgets.

In 2012, members of the Development Assistance Committee (DAC) of the OECD provided USD 125.7 billion in net official development assistance (ODA).

It represents 0.29 per cent of their combined gross national income (GNI) – a 4.0% drop in real terms compared to 2011.

This makes it the largest fall since 1997. It is also the first time since 1996-97 that aid has fallen in two successive years.

OECD Secretary-General Angel Gurría has expressed concern over this trend.

“It is worrying that budgetary duress our member countries have led to a second successive fall in total aid, but I take heart from the fact that, in spite of the crisis, nine countries still managed to increase their aid,” he says in a statement.

“As we approach the 2015 deadline for achieving the Millennium Development Goals, I hope that the trend in aid away from the poorest countries will be reversed. This is essential if aid is to play its part in helping achieve the Goals,” added Mr Gurria.



Published on Thursday, 4th April, 2013 at 07:05 under the news category, by Shruti Chauhan.

This post has the following tags: norwayoecd, norwayaiddonations.





  
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