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Aid from rich countries falls

OFFICIAL development aid supplied by the world's wealthiest donor countries slid 5.1 per cent last year from a record in 2005, the peak year for write-offs of debt owed by Iraq and Nigeria, the OECD has said.

Aid from the 22 countries in the Organisation for Economic Co-operation and Development slid to $103.9 billion (53 billion) from $106.8 billion, it said, adding that a pledge to double the fund flow to Africa by the end of the decade remained a challenge.

That pledge was made at Gleneagles in 2005.


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Sunday 27 May 2012

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